Scott Martin's Martin Property Management Acquires Multifamily In Somerville, MA For $1.02M
SOLD
$1,020,000
Massachusetts
See Similar DealsMultiFamily2,138 SF
Sold 05/05/2021
SOLD
Scott Martin's Martin Property Management Acquires Multifamily In Somerville, MA For $1.02M
79 Derby St, Somerville, Massachusetts, USA
See Similar DealsMultiFamily2,138 SF
Sold 05/05/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$477
Total Square Footage:2,138 SF
Transaction Type:Sale
The multifamily property located at 79 Derby St in Somerville, MA was recently sold for a total price of $1,020,000. The transaction took place on May 5, 2021, and the property measures 2,138 square feet. With a price per square foot of $477, this property offers a lucrative investment opportunity.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,020,000
- Address: 79 Derby St, Somerville, MA
- Market: Somerville, MA
- Seller's Representative: Jin Cai - Engel & Volkers Newton
- Buyer's Representative: Scott Martin - Martin Property Management
The sale of this multifamily property was made possible through the expertise of Jin Cai from Engel & Volkers Newton, who represented the seller, and Scott Martin from Martin Property Management, who acted as the buyer's representative. Their negotiation skills and market knowledge played vital roles in finalizing this successful deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,623.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,835.32
Annual Debt Service$58,023.84
Is there something missing? Send suggestions