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6 Meacham Street

Multifamily Property In Somerville, MA Sold For $1.03M With Buyer's Rep Shasha Chang & Seller's Rep Jose Ferreira
SOLDMultiFamily

Multifamily Property In Somerville, MA Sold For $1.03M With Buyer's Rep Shasha Chang & Seller's Rep Jose Ferreira

6 Meacham Street

$1,028,000

$377/SF

Building Size

2,721 SF

Asset Type

MultiFamily

Closing

Oct 17, 2023

AI

A multifamily property located at 6 Meacham Street in Somerville, Massachusetts, was sold for $1,028,000. The property has a total area of 2,721 square feet, resulting in a price per square foot of $378. The transaction took place on October 17, 2023.

Summary of transaction details:

The buyer's representative during this transaction was Shasha Chang from Peace of Mind Realty. She facilitated the purchase on behalf of the buyer. On the other hand, Jose Ferreira, representing Morello Real Estate, served as the seller's representative. This deal highlights the involvement of these industry professionals in the successful sale of the multifamily property at 6 Meacham Street.

Players

Jose Ferreira

Morello Real Estate

Broker

$2.4M

vol

2 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

15.43%

Cash-on-Cash

-4.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93