Updated Dec 21, 2023
ABG Realty Represents Buyer In $3.9M Multifamily Sale At 54 Newton St., Somerville, MA
54 Newton Street, Somerville, MA, USA
$3,875,000
$634/SF
Building Size
6,108 SF
Asset Type
MultiFamily
Closing
Jul 11, 2020
About this deal
AI
Located at 54 Newton Street in Somerville, MA, this multfamily property was recently sold on 07/12/2020. The transaction involved a sale price of $3,875,000 for a spacious property spanning 6,108 square feet. With a price per square foot of $634, this multifamily asset offers great value to the buyer.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,875,000
- Address: 54 Newton Street
- Market: Somerville, MA
Representing the buyer in this sale was Julian Lewis from ABG Realty, while the seller was represented by Mike DeStefano from Coldwell Banker Residential Brokerage.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.09%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93