Updated Dec 27, 2024
Christina Dinardi Of Keller Williams Realty Boston-Metro Represents Buyer In $1.66M Somerville Multifamily Sale
9 Powder House Terrace
$1,660,000
$456/SF
Building Size
3,636 SF
Asset Type
MultiFamily
Closing
Dec 3, 2024
About this deal
AI
A two-unit multifamily property located at 9 Powder House Terrace has been sold for $1.66 million. The asset encompasses 3,636 square feet, with a price per unit of $830,000 and a price per square foot of $457 in the Somerville, MA market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,660,000
- Units: 2
- Square Footage: 3,636
- Price Per Unit: $830,000
- Price Per Square Foot: $457
- Buyer's Representative: Christina Dinardi - Keller Williams Realty Boston-Metro
- Seller's Representative: Sandrine Deschaux - RE/MAX Destiny
Christina Dinardi represented the buyer in this transaction, while the seller was represented by Sandrine Deschaux, highlighting the professional involvement of real estate agencies in the deal.
On the Map
$1,660,000
$456/SF
MultiFamily
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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
9.56%
Cash-on-Cash
-2.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93