Wayne Terrio Acquires Multifamily Property In Somerville, MA For $2.625M
96 Cedar St Somerville, MA 02143, USA
$2,625,000
$437/SF
Building Size
6,000 SF
Asset Type
MultiFamily
Closing
Aug 9, 2023
AI
A multi-family property located at 96 Cedar Street in Somerville was successfully sold for $2.625 million. The property has a total square footage of 6,000 and was sold at a per-square-foot price of $438.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,625,000
- Square Footage: 6,000
- Price Per Square Foot: $438
- Address: 96 Cedar Street
- Market: Somerville, MA
The buyer's representative in this transaction was Wayne Terrio from Coldwell Banker, while the seller's representative was David Berman from The Stubblebine Company.
Players
Cambridge 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
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93