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55 Gorham Street

Updated Dec 4, 2024

Berkshire Hathaway HomeServices Acquires 55 Gorham Street Multifamily In Somerville, MA For $1.9M
SOLDMultiFamily

Berkshire Hathaway HomeServices Acquires 55 Gorham Street Multifamily In Somerville, MA For $1.9M

55 Gorham Street

$1,905,000

$516/SF

Building Size

3,687 SF

Asset Type

MultiFamily

Closing

Oct 31, 2023

About this deal

AI

A multifamily property located at 55 Gorham Street in Somerville, MA was recently sold for a price of $1,905,000. The property spans 3,687 square feet, resulting in a price per square foot of $517.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,905,000
  • Address: 55 Gorham Street, Somerville, MA
  • Square Footage: 3,687
  • Price per Square Foot: $517

The deal was facilitated by Charles Ball of Berkshire Hathaway HomeServices Commonwealth Real Estate. He represented the transaction, ensuring the successful sale of the property.

On the Map

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$1,905,000

$516/SF

MultiFamily

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Players

Charles Ball

Berkshire Hathaway HomeServices

Broker

$11.8M

vol

7 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $516 per square foot on a published $1.9M for 3,687 square feet (2023).

Visit Charles Ball to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.33%

Cash-on-Cash

-2.38%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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