Updated Dec 21, 2023
Strobeck Antonell Group Acquires Multifamily Property In Somerville, MA For $1.23M
74 Florence St, Somerville, MA, USA
$1,230,000
$443/SF
Building Size
2,774 SF
Asset Type
MultiFamily
Closing
Jun 7, 2020
About this deal
AI
Located at 74 Florence St in Somerville, MA, this multifamily property was recently sold in a closed transaction. With a spacious total area of 2,774 square feet, this property offers ample living space for its residents.
Summary of transation details:
- Property Type: Multifamily
- Sale Price: $1,230,000
- Price per Square Foot: $443
- Date: 06/07/2021
- Market: Somerville, MA
The seller's representative for this transaction was Laura Springer from Coldwell Banker Realty - Back Bay. On the other hand, the buyer was represented by the Strobeck Antonell Group from Compass. Both parties played an instrumental role in ensuring a successful purchase.
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
12.90%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93