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:
- Property Type: Development Site
- Transaction Amount: $3,520,000
- Buyer: Elan Sassoon
- Seller: Garret & David Einis
- Brokers: Ryan Taylor, Brayden Haney & Justin Pepple - Fortune Realty
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
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