Simone Schettino Of Century 21 North East Sells Multifamily Property In Somerville, MA To Buyer's Rep Tim Schmidt Of RE/MAX Destiny For $1.4M
75 Boston Street, Somerville, MA, USA
$1,400,000
$459/SF
Building Size
3,045 SF
Asset Type
MultiFamily
Closing
Oct 30, 2021
AI
75 Boston St, located in Somerville, MA, has been sold in a multifamily transaction. The property spans 3,045 square feet, with a price per square foot of $460. The transaction took place on October 30, 2021, with a sale price of $1,400,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 75 Boston St
- Market: Somerville, MA
- Square Footage: 3,045
- Price per Square Foot: $460
The seller's representative for this transaction was Simone Schettino from Century 21 North East, while the buyer's representative was Tim Schmidt from RE/MAX Destiny.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93