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Wayne Terrio Acquires Multifamily Property In Somerville, MA For $2.625M
SOLD
Massachusetts
See Similar DealsMultiFamily6,000 SF
Sold 08/09/2023
SOLD
Wayne Terrio Acquires Multifamily Property In Somerville, MA For $2.625M
96 Cedar St Somerville, MA 02143, USA
See Similar DealsMultiFamily6,000 SF
Sold 08/09/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$437
Total Square Footage:6,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$139,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,326.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,443.84
Annual Debt Service$149,326.07
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