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8 Bolton Street

Ed Doherty Purchases Development Site At 8 Bolton Street Somerville From Julian Lewis For $4.025M
SOLDDevelopment Site

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

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.

Players

Justin Pepple

Fortune Realty

Broker

$44.5M

vol

13 deals

Broker

Ed Doherty

Buyer

$15.1M

vol

3 deals

Buyer
Julian Lewis

Julian Lewis

Seller

$17.2M

vol

4 deals

Seller

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