Updated Dec 21, 2023
C.D. Danksewicz Realty Sells Multifamily Property In Somerville, MA For $2.1M
85 Orchard Street, Somerville, Massachusetts 02144, United States
$2,099,000
$722/SF
Building Size
2,907 SF
Asset Type
MultiFamily
Closing
May 23, 2022
About this deal
AI
The multifamily property located at 85 Orchard St in Somerville, MA has been sold. The transaction took place on May 24, 2022, with a sale price of $2,099,000. The property spans a total of 2,907 square feet, resulting in a price per square foot of $722.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,099,000
- Address: 85 Orchard St, Somerville, MA
- Market: Somerville, MA
- Buyer's Representative: Cynthia Danksewicz - C.D. Danksewicz Realty
- Seller's Representative: Alicia Doherty - C.D. Danksewicz Realty
Cynthia Danksewicz from C.D. Danksewicz Realty represented the buyer in this transaction, while Alicia Doherty, also from C.D. Danksewicz Realty, represented the seller. The deal demonstrates the successful collaboration between these two professionals in closing the sale of the multifamily property in Somerville, MA.
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
7.56%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93