Catalyst Real Estate Services Represents Buyer In $1.15M Multifamily Sale In Somerville, MA
SOLD
$1,150,000
Massachusetts
See Similar DealsMultiFamily2,327 SF
Sold 12/22/2021
SOLD
Catalyst Real Estate Services Represents Buyer In $1.15M Multifamily Sale In Somerville, MA
99 Hudson Street, Somerville, Massachusetts 02144, United States
See Similar DealsMultiFamily2,327 SF
Sold 12/22/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$494
Total Square Footage:2,327 SF
Transaction Type:Sale
Located at 99 Hudson St in Somerville, MA, this multifamily property was recently sold in a closed transaction. The property spans an area of 2,327 square feet. The sale price for this asset was $1,150,000, resulting in a price per square foot of $494.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 99 Hudson St, Somerville, MA
- Market: Somerville, MA
The buyer was represented by John Paskowski from Catalyst Real Estate Services, while Michelle Pena from Pena Realty Corporation acted as the seller's representative in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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