facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

58 Main Street

Multifamily Property In Somerville, MA Sold For $1.3M With HomeZu Rep Jason Saphire
SOLDMultiFamily

Multifamily Property In Somerville, MA Sold For $1.3M With HomeZu Rep Jason Saphire

$1,300,000

$397/SF

Building Size

3,270 SF

Asset Type

MultiFamily

Closing

Sep 13, 2023

AI

A multifamily property located at 58 Main Street in Somerville, MA, was sold for $1.3 million. The property spans 3,270 square feet, resulting in a price per square foot of $398.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Address: 58 Main Street, Somerville, MA
  • Market: Somerville, MA

The sale was facilitated by broker Jason Saphire of HomeZu.

Players

Jason Saphire

Saphire Hospitality

Broker

$10M

vol

5 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93