Updated Dec 19, 2023
Red Brick Real Estate, LLC Acquires Somerville Multifamily For $1.5M
83 Grant Street, Somerville, Massachusetts 02145, United States
$1,500,000
$473/SF
Building Size
3,171 SF
Asset Type
MultiFamily
Closing
May 5, 2022
About this deal
AI
The multifamily property located at 83 Grant St in Somerville, MA has been sold for a price of $1,500,000. The property spans across 3,171 square feet, resulting in a price per square foot of $473.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 83 Grant St, Somerville, MA
- Market: Somerville, MA
The buyer's representative for this transaction was Chug Perry from Red Brick Real Estate, LLC. On the other hand, Cameron Moniz from Coldwell Banker Realty - Winchester represented the seller in the deal.
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93