Updated Dec 19, 2023
Nick Lento Group Acquires Somerville Multifamily For $1.8M With Reps Trista Harris & In REM Real Estate
97 Elm Street, Somerville, Massachusetts 02144, United States
$1,800,000
$451/SF
Building Size
3,989 SF
Asset Type
MultiFamily
Closing
Jan 4, 2022
About this deal
AI
Located at 97 Elm St in Somerville, MA, this multifamily property was recently sold in a closed transaction. The property spans across 3,989 square feet and was sold for a price of $1,800,000, resulting in a price per square foot of $451.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,800,000
- Square Footage: 3,989
- Price per Square Foot: $451
- Market: Somerville, MA
The sale was facilitated by Nick Lento Group from Coldwell Banker Realty in Arlington, representing the seller, and Trista Harris from In REM Real Estate P.C., representing the buyer.
Players
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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93