Updated Dec 19, 2023
Gibson Sotheby's International Realty Brokers $1.025M Sale Of Multifamily Property On Marion St In Somerville, MA
64 Marion Street, Somerville, Massachusetts 02143, United States
$1,025,000
$470/SF
Building Size
2,178 SF
Asset Type
MultiFamily
Closing
Feb 13, 2022
About this deal
AI
The multifamily property located at 64 Marion St in Somerville, MA has been sold for a price of $1,025,000. The property spans over an area of 2,178 square feet, resulting in a price per square foot of $471.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Address: 64 Marion St, Somerville, MA
- Market: Somerville, MA
- BROKER: Max Dublin - Gibson Sotheby's International Realty
Max Dublin from Gibson Sotheby's International Realty represented the parties involved in this transaction as the broker for the sale of the multifamily property.
On the Map
$1,025,000
$470/SF
MultiFamily
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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
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93