SOLDMultiFamily
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
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.
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