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
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93