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61 Springfield Street

Multifamily Property In Somerville, MA Sells For $1.15M With Buyer's Rep Hanna Zhang & Seller's Rep Laurie Devereaux
SOLDMultiFamily

Multifamily Property In Somerville, MA Sells For $1.15M With Buyer's Rep Hanna Zhang & Seller's Rep Laurie Devereaux

61 Springfield Street

$1,150,000

$441/SF

Building Size

2,604 SF

Asset Type

MultiFamily

Closing

Nov 10, 2023

AI

A multifamily property located at 61 Springfield Street in Somerville, MA, has been sold for $1,150,000. The property has a total square footage of 2,604 and a price per square foot of $442.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Address: 61 Springfield Street, Somerville, MA
  • Market: Somerville, MA

The buyer's representative in this transaction was Hanna Zhang from East Coast Realty, while the seller's representative was Laurie Devereaux from Century 21 North East.

Players

Laurie Devereaux

Century 21

Broker

$2.3M

vol

2 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93