Updated Dec 21, 2023
Fellsway Realty Acquires Multifamily Property In Somerville For $3.1M
76 Cross Street, Somerville, Massachusetts 02145, United States
$3,100,000
$406/SF
Building Size
7,629 SF
Asset Type
MultiFamily
Closing
Feb 8, 2022
About this deal
AI
The multifamily property located at 76 Cross St in Somerville, MA has been sold for $3,100,000. The property spans 7,629 square feet, resulting in a price per square foot of $406. The transaction took place on 02/09/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Square Footage: 7,629
- Price per Square Foot: $406
- Address: 76 Cross St, Somerville, MA
- Market: Somerville, MA
Walace Nogueira from Fellsway Realty, LLC represented the buyer in the transaction, while Dennis Kelleher from Horvath & Tremblay represented the seller.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93