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95 Pearl St, Somerville, Ma...

Andrew Sarno & Max Dublin Acquire Somerville Multifamily For $1.375M
SOLDMultiFamily

Andrew Sarno & Max Dublin Acquire Somerville Multifamily For $1.375M

95 Pearl St, Somerville, Massachusetts, USA

$1,375,000

$416/SF

Building Size

3,300 SF

Asset Type

MultiFamily

Closing

May 6, 2021

AI

Located at 95 Pearl St in Somerville, MA, this multifamily property was recently sold for a price of $1,375,000. The property spans approximately 3,300 square feet, resulting in a price per square foot of $417.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,375,000

The seller's representative in this transaction was Andrew Sarno from RE/MAX Andrew Realty Services, while the buyer's representative was Max Dublin from Gibson Sotheby's International Realty.

Players

Max Dublin

Sotheby's International Realty

Broker

$12.1M

vol

8 deals

Broker

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

11.54%

Cash-on-Cash

-3.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93