Updated Sep 9, 2024
Keller Williams Realty Acquires Multifamily Property In Somerville, MA For $2.95M
51 Oak Street, Somerville, Massachusetts 02143, United States
$2,950,000
$945/SF
Building Size
3,120 SF
Asset Type
MultiFamily
Closing
Dec 7, 2021
About this deal
AI
The multifamily property located at 51 Oak St in Somerville, MA has been sold for a sale price of $2,950,000. The property spans across 3,120 square feet with a price per square foot of $946.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,950,000
- Date: 12/07/2021
- Address: 51 Oak St, Somerville, MA
- Market: Somerville, MA
The buyer's representative for this transaction was Danny Zheng from Keller Williams Realty, while Stephen Cefalo from Stephen Cefalo Real Estate represented the seller.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Danny Zheng to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93