Andrew Sarno & Max Dublin Acquire Somerville Multifamily For $1.375M
SOLD
$1,375,000
Massachusetts
See Similar DealsMultiFamily3,300 SF
Sold 05/07/2021
SOLD
Andrew Sarno & Max Dublin Acquire Somerville Multifamily For $1.375M
95 Pearl St, Somerville, Massachusetts, USA
See Similar DealsMultiFamily3,300 SF
Sold 05/07/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$416
Total Square Footage:3,300 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,518.20
Annual Debt Service$78,218.42
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