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

Property Image
SOLD
$2,150,000

Massachusetts

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MultiFamily6,744 SF
Sold 02/10/2025
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Property Image
SOLD

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

Woodstock Street

See Similar Deals
MultiFamily6,744 SF
Sold 02/10/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$318
Total Square Footage:6,744 SF
Transaction Type:Sale

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
6 deals$10.5M volume
BROKER

Ryan Taylor
Fortune Realty
41 deals$160.2M volume(774) 270-4020
BROKER

Brayden Haney
Fortune Realty
27 deals$114.2M volume(774) 270-2612
BROKER

Details

SOLD
IMAGE: Ryan Taylor, Brayden Haney, Lori Orchanian DATE: 02/10/2025 ADDRESS: 112-114 Woodstock Street MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER: Boston Investments SELLER: Raphael Gottesman BUYER'S REP: Ryan Taylor (@RyKittyPur) & Brayden Haney (@NeedMoclicquot - Fortune Realty (@Fortune_Boston) SELLER'S REP: Lori Orchanian (@LoriOrchanian) - Coldwell Banker (@ColdwellBanker) SALE PRICE: $2,150,000 UNITS: 6 ~ PPU: $358,333 SF: 6,744 ~ PPSF: $318

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$114,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16