Updated Dec 20, 2023
Compass Acquires Multifamily Property In Somerville, MA For $1.02M
62 Newton Street
$1,020,000
$510/SF
Building Size
1,998 SF
Asset Type
MultiFamily
Closing
May 4, 2021
About this deal
AI
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.
The multifamily sale at 62 Newton Street in Melbourne, Victoria sold for $1M in 2021. Reported inventory is 1,998 square feet across 2 units, or about 510 per square foot. Liliana Delgado, Mike Cohen, Compass appear on the sale alongside Compass. This page is the Melbourne, Victoria file for the 62 Newton Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Melbourne sit in the Market section below. Filter that Melbourne multifamily set by closing date to see what else sold near 62 Newton Street around 2021. Published consideration for 62 Newton Street is $1M, dated 2021. Cite this Compass Acquires Multifamily Property In Somerville, MA For $1.02M sale when underwriting similar multifamily product around Melbourne, Victoria.
Melbourne 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
15.55%
Cash-on-Cash
-4.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93