Updated Dec 21, 2023
Coldwell Banker Realty - Back Bay Acquires Multifamily Property In Somerville, MA For $1.1M
55 Central Street, Somerville, MA, USA
$1,100,000
$328/SF
Building Size
3,344 SF
Asset Type
MultiFamily
Closing
Jan 28, 2021
About this deal
AI
Located at 55 Central Street in Somerville, MA, this multifamily property has recently been sold for $1,100,000. The transaction took place on January 29, 2021. The property spans 3,344 square feet, resulting in a price per square foot of $329.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 55 Central Street, Somerville, MA
- Market: Somerville, MA
The sale was facilitated by Anthony Menounos, a representative from Coldwell Banker Realty - Back Bay. He played a crucial role in bringing together the buyer and seller, ensuring a successful transaction.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93