Updated Dec 19, 2023
In REM Real Estate Acquires Multifamily Property In Somerville, MA For $1.52M
92 Newton St, Somerville, Massachusetts, USA
$1,525,000
$404/SF
Building Size
3,775 SF
Asset Type
MultiFamily
Closing
Jul 1, 2020
About this deal
AI
The multifamily property located at 92 Newton St in Somerville, MA has been sold for a price of $1,525,000. The property spans across an area of 3,775 square feet, resulting in a price per square foot of $404.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,525,000
- Address: 92 Newton St, Somerville, MA
- Market: Somerville, MA
- Seller's Representative: Roberta Fulford - LAER Realty Partners
- Buyer's Representative: Kyle Smith - In REM Real Estate P.C.
The seller's representative in this transaction was Roberta Fulford from LAER Realty Partners, while the buyer was represented by Kyle Smith from In REM Real Estate P.C.
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
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93