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96 Heath Street, Somerville...

Yuki Wang Acquires Multifamily Property In Somerville, MA For $1.27M
SOLDMultiFamily

Yuki Wang Acquires Multifamily Property In Somerville, MA For $1.27M

96 Heath Street, Somerville, Massachusetts, USA

$1,270,000

$369/SF

Building Size

3,441 SF

Asset Type

MultiFamily

Closing

Mar 15, 2021

AI

Located at 96 Heath Street in Somerville, MA, this multifamily property was recently sold on March 16, 2021. The transaction was facilitated by Everett Clark, representing the seller for Amaral & Associates RE, and Yuki Wang, who represented the buyer for MA Properties.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,270,000
  • Square Footage: 3,441
  • Price per Square Foot: $369
  • Address: 96 Heath Street, Somerville, MA

This sale marks an important deal for both the seller and the buyer. Everett Clark from Amaral & Associates RE represented the seller, while Yuki Wang from MA Properties represented the buyer. The property, spanning 3,441 square feet, was sold for $1,270,000, at a price per square foot of $369.

Players

Everett Clark

Broker

$2.4M

vol

2 deals

Broker

Somerville 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

12.49%

Cash-on-Cash

-3.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93