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
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