ABG Realty Represents Buyer In $3.9M Multifamily Sale At 54 Newton St., Somerville, MA
SOLD
$3,875,000
Massachusetts
See Similar DealsMultiFamily6,108 SF
Sold 07/12/2020
SOLD
ABG Realty Represents Buyer In $3.9M Multifamily Sale At 54 Newton St., Somerville, MA
54 Newton Street, Somerville, MA, USA
See Similar DealsMultiFamily6,108 SF
Sold 07/12/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$634
Total Square Footage:6,108 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$206,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,767.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,369.48
Annual Debt Service$220,433.72
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