Updated Dec 21, 2023
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
About this deal
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.
The multifamily sale at 95 Pearl St, Somerville, Massachusetts, USA in Somerville, Massachusetts sold for $1.4M in 2021. The building is 3,300 square feet, implying about 416 per square foot on the published price. Andrew Sarno, Max Dublin, Sotheby's International Realty, Re/Max appear on the sale alongside Sotheby's International Realty, Re/Max. This page is the Somerville, Massachusetts file for the 95 Pearl St, Somerville, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 95 Pearl St, Somerville, Massachusetts, USA around 2021. Published consideration for 95 Pearl St, Somerville, Massachusetts, USA is $1.4M, dated 2021. Cite this Andrew Sarno & Max Dublin Acquire Somerville Multifamily For $1.375M sale when underwriting similar multifamily product around Somerville, Massachusetts.
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Somerville MultiFamily Market Snapshot
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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