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54 Newton Street, Somervill...

ABG Realty Represents Buyer In $3.9M Multifamily Sale At 54 Newton St., Somerville, MA
SOLDMultiFamily

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

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

Julian Lewis

Broker

$17.2M

vol

4 deals

Broker

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