Updated Dec 20, 2023
United Real Estate Acquires Multifamily Property In Somerville For $3.95M
6-8 Rush Street, Somerville, Massachusetts 02145, United States
$3,950,000
$606/SF
Building Size
6,509 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
The multifamily property located at 6-8 Rush St in Somerville, MA has been sold in a closed transaction. The sale took place on December 15, 2021.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $3,950,000
- Square Footage: 6,509
- Price per Square Foot: $607
- Address: 6-8 Rush St, Somerville, MA
- Market: Somerville, MA
The buyer's representative involved in this transaction was Ning Sun from United Real Estate LLC. On the other hand, the seller was represented by The Residential Group - William Raveis Real Estate - Boston - South End.
Players
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
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93