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:
- Property Type: Multifamily
- Transaction Amount: $1,028,000
- Address: 6 Meacham Street, Somerville, MA
- Market: Somerville, MA
- Buyer's Representative: Shasha Chang - Peace of Mind Realty
- Seller's Representative: Jose Ferreira - Morello Real Estate
- Square Footage: 2,721
- Price per Square Foot: $378
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
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