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6-8 Knapp Street

Liliana Delgado Of Cameron Real Estate Group Represents Buyer In $1.7M Multifamily Sale In Somerville
SOLDMultiFamily

Liliana Delgado Of Cameron Real Estate Group Represents Buyer In $1.7M Multifamily Sale In Somerville

6-8 Knapp Street

$1,700,000

$345/SF

Building Size

4,924 SF

Asset Type

MultiFamily

Closing

Sep 3, 2024

AI

A multifamily property located at 6-8 Knapp Street in Somerville, MA, was sold for $1,700,000. The residential asset comprises 3 units and encompasses a total of 4,924 square feet of living space. Each unit represents a price per unit of $566,667 and a price per square foot of $345.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,700,000
  • Units: 3
  • Square Footage: 4,924
  • Price Per Unit: $566,667
  • Price Per Square Foot: $345
  • Buyer's Representative: Liliana Delgado - Cameron Real Estate Group
  • Seller's Representative: Tony Pepdjonovic - Marcus & Millichap

This transaction features a well-maintained 3-family property that has a solid rental history. The building consists of 11 bedrooms and 4 bathrooms and is conveniently situated near popular amenities, including Bow Market and Union Square Green Line stations.

Players

Tony Pepdjonovic

Marcus & Millichap

Broker

$383.6M

vol

77 deals

Broker

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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93