Updated Dec 4, 2024
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.
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
8.33%
Cash-on-Cash
-2.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93