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64 Marion Street, Somervill...

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

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

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

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

Sotheby's International Realty

Broker

$12.1M

vol

8 deals

Broker

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