Updated Dec 21, 2023
Laura Segal Of Gibson Sotheby's International Realty Acquires Multifamily Property In Somerville, MA For $1.43M
9 Smith Ave, Somerville, Massachusetts, USA
$1,430,000
$533/SF
Building Size
2,679 SF
Asset Type
MultiFamily
Closing
May 28, 2020
About this deal
AI
The multifamily property located at 9 Smith Ave in Somerville, MA has been sold for a price of $1,430,000. The property spans a total area of 2,679 square feet, resulting in a price per square foot of $534.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,430,000
- Address: 9 Smith Ave, Somerville, MA
- Market: Somerville, MA
The seller's representative in this transaction was Darin Thompson from Stuart St James, Inc. On the other hand, Laura Segal from Gibson Sotheby's International Realty represented the buyer in the deal.
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
11.09%
Cash-on-Cash
-3.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93