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.
On the Map
$1,905,000
$516/SF
MultiFamily
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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