Urban Circle Realty Acquires Multifamily Property In Somerville, MA For $1.1M
9 Upland Park, Somerville, Massachusetts 02145, United States
$1,100,000
$333/SF
Building Size
3,302 SF
Asset Type
MultiFamily
Closing
Feb 6, 2022
AI
A multifamily property located at 9-11 Upland Park in Somerville, MA has been sold for a price of $1,100,000. The property spans a total of 3,302 square feet, resulting in a price per square foot of $333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Date: 02/07/2022
- Address: 9-11 Upland Park, Somerville, MA
- Market: Somerville, MA
The buyer of the property was represented by Sherean Azarmi from Urban Circle Realty, while the seller was represented by Stephan Coufos from Coco, Early & Associates The Andovers.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93