Updated Dec 21, 2023
Compass Represents Buyer And Seller In $1.185M Sale Of Multifamily Property In Somerville, MA
61 Hudson Street, Somerville, Massachusetts 02143, United States
$1,185,000
$548/SF
Building Size
2,160 SF
Asset Type
MultiFamily
Closing
Nov 30, 2021
About this deal
AI
The multifamily property located at 61 Hudson St in Somerville, MA has been sold for $1,185,000. The property spans across 2,160 square feet, resulting in a price per square foot of $549. The sale took place on November 30, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,185,000
- Address: 61 Hudson St, Somerville, MA
- Market: Somerville, MA
Ricky Everest from Compass represented the buyer in this transaction, while Team Patti Brainard, also from Compass, represented the seller.
The multifamily sale at 61 Hudson Street, Somerville, Massachusetts 02143, United States in Somerville, Massachusetts sold for $1.2M in 2021. The building is 2,160 square feet, implying about 548 per square foot on the published price. Ricky Everest, Compass appear on the sale alongside Compass. This page is the Somerville, Massachusetts file for the 61 Hudson Street, Somerville, Massachusetts 02143, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 61 Hudson Street, Somerville, Massachusetts 02143, United States around 2021. Published consideration for 61 Hudson Street, Somerville, Massachusetts 02143, United States is $1.2M, dated 2021. Cite this Compass Represents Buyer And Seller In $1.185M Sale Of Multifamily Property In Somerville, MA sale when underwriting similar multifamily product around Somerville, Massachusetts.
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
13.39%
Cash-on-Cash
-3.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93