Updated Sep 9, 2024
Compass Broker Samantha Berdinka Sells Somerville Multifamily For $1.1M
7 Whitman St, Somerville, Massachusetts, USA
$1,100,000
$462/SF
Building Size
2,380 SF
Asset Type
MultiFamily
Closing
Nov 22, 2021
About this deal
AI
Located at 7 Whitman St in Somerville, MA, this multifamily property was recently sold in a closed transaction. The property spans 2,380 square feet and was sold for $1,100,000, resulting in a price per square foot of $462. The sale took place on 11/22/2021.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 7 Whitman St, Somerville, MA
- Market: Somerville, MA
Representing the buyer in this transaction was Jim Byler from Coldwell Banker Realty - Northborough, while Samantha Berdinka from Compass served as the seller's representative.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93