Daniel Dewing Facilitates $3.6M Sale Of Development Site On Alpine Street, Somerville, MA
2-12 Alpine Street, Somerville, MA, USA
$3,600,000
$335/SF
Building Size
10,746 SF
Asset Type
Development Site
Closing
Jul 26, 2020
AI
Located at 2-12 Alpine Street in Somerville, MA, this development site recently changed hands in a closed transaction. The property is characterized as a development site, offering potential for future construction and expansion. The sale took place on July 26, 2021, with a sale price of $3,600,000.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $3,600,000
- Broker: Daniel Dewing
- BSF: 35,000
- PPBSF: $103
- SF: 10,746
- PPSF: $335
Facilitating the sale was Daniel Dewing of an undisclosed agency, who acted as the broker representing the parties involved in the transaction. The property's location in Somerville, MA, presents prospects for growth and development, making it an attractive investment opportunity.
Somerville Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93