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Gibson Sotheby's International Realty Brokers $1.025M Sale Of Multifamily Property On Marion St In Somerville, MA

Property Image
SOLD
$1,025,000

Massachusetts

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MultiFamily2,178 SF
Sold 02/14/2022
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Property Image
SOLD

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

See Similar Deals
MultiFamily2,178 SF
Sold 02/14/2022
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$470
Total Square Footage:2,178 SF
Transaction Type:Sale

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

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.

Players

Max Dublin
8 deals$12.1M volume
BROKER

Details

SOLD
IMAGE: Max Dublin DATE: 02/14/2022 ADDRESS: 64 Marion St MARKET: Somerville, MA ASSET TYPE: Multifamily BROKER: Max Dublin - Gibson Sotheby's International Realty SALE PRICE: $1,025,000 SF: 2,178 ~ PPSF: $471

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$54,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,641.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,859.02
Annual Debt Service$58,308.28