Compass Acquires Multifamily Property In Somerville, MA For $1.02M
SOLD
$1,020,000
Victoria
See Similar DealsMultiFamily1,998 SF
Sold 05/04/2021
SOLD
Compass Acquires Multifamily Property In Somerville, MA For $1.02M
62 Newton Street
See Similar DealsMultiFamily1,998 SF
Sold 05/04/2021
Summary
Asset Type:MultiFamily
Price Per Square Foot:$510
Total Square Footage:1,998 SF
Transaction Type:Sale
A multifamily property located at 62 Newton St in Somerville, MA was recently sold for $1,020,000. The property spans 1,998 square feet, resulting in a price per square foot of $511.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,020,000
- Address: 62 Newton St, Somerville, MA
- Market: Somerville, MA
Liliana Delgado from Cameron Real Estate Group represented the seller in the transaction, while Mike Cohen from Compass acted as the buyer's representative.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,623.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,835.32
Annual Debt Service$58,023.84
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