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
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