Updated Dec 19, 2023
Santana Properties Team Acquires Multifamily Property In Somerville, MA For $1.38M
8 Putnam Road, Somerville, MA, USA
$1,380,000
$374/SF
Building Size
3,689 SF
Asset Type
MultiFamily
Closing
Dec 1, 2021
About this deal
AI
Located in Somerville, MA, the multifamily property at 8 Putnam Road has been sold for a total of $1,380,000. The sale took place on December 1, 2021, and the property spans a total area of 3,689 square feet. The price per square foot for this transaction was $374.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,380,000
- Address: 8 Putnam Road, Somerville, MA
- Market: Somerville, MA
- Square Footage: 3,689
The buyer in this transaction was represented by the Santana Properties Team of Keller Williams Realty Cambridge. On the other hand, Charles Ingala from Coldwell Banker Realty in Winchester served as the seller's representative.
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
11.49%
Cash-on-Cash
-3.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93