Updated Dec 4, 2024
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
About this deal
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.
Multifamily Property In Somerville, MA Sold For $1.3M With HomeZu Rep Jason Saphire is logged as a multifamily sale on Traded (2023). The building is 3,270 square feet, implying about 397 per square foot on the published price. Jason Saphire, Saphire Hospitality appear on the sale alongside Saphire Hospitality. This page is the market file for the Multifamily Property In Somerville, MA Sold For $1.3M With HomeZu Rep Jason Saphire multifamily sold: pricing, party profiles, and other closed multifamily comps from the same area sit in the Market section below. Cite this Multifamily Property In Somerville, MA Sold For $1.3M With HomeZu Rep Jason Saphire sale when underwriting similar multifamily product.
Players
Market MultiFamily Market Snapshot
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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