Laura Segal Of Gibson Sotheby's International Realty Acquires Multifamily Property In Somerville, MA For $1.43M
SOLD
$1,430,000
Massachusetts
See Similar DealsMultiFamily2,679 SF
Sold 05/28/2020
SOLD
Laura Segal Of Gibson Sotheby's International Realty Acquires Multifamily Property In Somerville, MA For $1.43M
9 Smith Ave, Somerville, Massachusetts, USA
See Similar DealsMultiFamily2,679 SF
Sold 05/28/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$533
Total Square Footage:2,679 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,080.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,778.93
Annual Debt Service$81,347.15
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