Updated Dec 20, 2023
Leading Edge Real Estate Sells Multifamily Property In Somerville, MA For $4.275M
79-83 Beacon Street, Somerville, Massachusetts, USA
$4,275,000
$517/SF
Building Size
8,268 SF
Asset Type
MultiFamily
Closing
Dec 22, 2020
About this deal
AI
An 8,268 square foot multifamily property located at 79-83 Beacon Street in Somerville, MA was recently sold for $4,275,000. The sale took place on December 23, 2020. The property was represented by Melanie Lentini from Leading Edge Real Estate, while Lawrence O'Connor from Sterling Beacon Hill represented the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,275,000
- Address: 79-83 Beacon Street, Somerville, MA
- Square Footage: 8,268
- Price per Square Foot: $517
Melanie Lentini from Leading Edge Real Estate and Lawrence O'Connor from Sterling Beacon Hill played crucial roles in representing the seller and buyer, respectively, in this transaction.
On the Map
$4,275,000
$517/SF
MultiFamily
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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
3.71%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93