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96 Cedar St Somerville, MA ...

Wayne Terrio Acquires Multifamily Property In Somerville, MA For $2.625M
SOLDMultiFamily

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

Wayne Terrio

Coldwell Banker

Broker

$4.3M

vol

2 deals

Broker

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