Updated Mar 17, 2026
Ed Doherty Purchases Development Site At 8 Bolton Street Somerville From Julian Lewis For $4.025M
8 Bolton Street
$4,025,000
Building Size
—
Asset Type
Development Site
Closing
Mar 15, 2026
About this deal
AI
The property involved in the transaction is a development site located at 8 Bolton Street in Somerville, MA. The sale price was $4,025,000, with a buildable square footage (BSF) of 14,500, resulting in a price per buildable square foot (PPBSF) of $277.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,025,000
- Address: 8 Bolton Street
- Market: Somerville, MA
- Buildable Square Footage: 14,500
- Price per Buildable Square Foot: $277
- Buyer: Ed Doherty
- Seller: Julian Lewis
- Broker Representatives: Ryan Taylor, Brayden Haney & Justin Pepple - Fortune Realty
Key individuals involved in the transaction include buyer Ed Doherty and seller Julian Lewis, facilitated by the broker representatives Ryan Taylor, Brayden Haney, and Justin Pepple from Fortune Realty, who were instrumental in the negotiation of the sale.
On the Map
$4,025,000
Development Site
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Players
Somerville Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.94%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93