Elan Sassoon Purchases Development Site From Garret & David Einis For $3.52M In Somerville
SOLD
$3,520,000
Massachusetts
See Similar DealsDevelopment Site30,420 SF
Sold 07/15/2025
SOLD
Elan Sassoon Purchases Development Site From Garret & David Einis For $3.52M In Somerville
9 Taylor Street
See Similar DealsDevelopment Site30,420 SF
Sold 07/15/2025
Summary
MASSACHUSETTS
Asset Type:Development Site
Price Per Square Foot:$115
Total Square Footage:30,420 SF
Transaction Type:Sale
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
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$187,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,505.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,686.60
Annual Debt Service$200,239.15
Is there something missing? Send suggestions