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9 Taylor Street

Elan Sassoon Purchases Development Site From Garret & David Einis For $3.52M In Somerville
SOLDDevelopment Site

Elan Sassoon Purchases Development Site From Garret & David Einis For $3.52M In Somerville

9 Taylor Street

$3,520,000

$115/SF

Building Size

30,420 SF

Asset Type

Development Site

Closing

Jul 14, 2025

AI

This development site located at 9 Taylor Street in Somerville, MA, was sold for a transaction amount of $3,520,000. The property encompasses 30,420 square feet, translating to a price per square foot of $115.

Summary of transaction details:

Elan Sassoon completed the purchase while Garret & David Einis were represented by Ryan Taylor, Brayden Haney, and Justin Pepple from Fortune Realty in this transaction. The involvement of these brokers highlights their role in facilitating the deal between the buyer and seller.

Players

Justin Pepple

Fortune Realty

Broker

$44.5M

vol

13 deals

Broker
Fortune Realty
Fortune RealtyBrokerage

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

4.51%

Cash-on-Cash

-1.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93