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75 Boston Street, Somervill...

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
SOLDMultiFamily

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

Simone Schettino

Century 21

Broker

$2.5M

vol

2 deals

Broker

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