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Woodstock Street

Boston Investments Acquires 112-114 Woodstock Street Multifamily In Somerville For $2.15M
SOLDMultiFamily

Boston Investments Acquires 112-114 Woodstock Street Multifamily In Somerville For $2.15M

Woodstock Street

$2,150,000

$318/SF

Building Size

6,744 SF

Asset Type

MultiFamily

Closing

Feb 10, 2025

AI

The property involved in this transaction is a multifamily asset located at 112-114 Woodstock Street in Somerville, MA. The sale price was $2,150,000, and the asset encompasses a total of 6,744 square feet. It consists of 6 units, yielding a price per unit of $358,333 and a price per square foot of $318.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,150,000
  • Units: 6
  • Square Footage: 6,744
  • Price Per Unit: $358,333
  • Price Per Square Foot: $318
  • Buyer: Boston Investments
  • Seller: Raphael Gottesman
  • Buyer's Representatives: Ryan Taylor & Brayden Haney
  • Seller's Representative: Lori Orchanian - Coldwell Banker

Key individuals in this transaction include Ryan Taylor and Brayden Haney, representing the buyer, Boston Investments, while Lori Orchanian, from Coldwell Banker, represents the seller, Raphael Gottesman.

Players

Lori Orchanian

Coldwell Banker

Broker

$10.5M

vol

6 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

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93