Updated Apr 27, 2026
Cleber Feijo Acquires Development Site At 10 Bedford Street Somerville For $1.525M
10 Bedford Street
$1,525,000
Building Size
—
Asset Type
Development Site
Closing
Apr 16, 2026
About this deal
AI
The transaction involves a development site located at 10 Bedford Street in Somerville, MA, sold for $1,525,000. The asset encompasses 8,677 square feet, translating to a price per square foot of $175.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,525,000
- Address: 10 Bedford Street
- Market: Somerville, MA
- Building Size: 8,677
- Price per Square Foot: $175
- Buyer: Cleber Feijo
- Seller: Ugo Dibiase
- Brokers: Ryan Taylor & Brayden Haney - Fortune Realty
Cleber Feijo is the buyer of the property, while Ugo Dibiase is the seller. The transaction was facilitated by brokers Ryan Taylor and Brayden Haney, representing Fortune Realty.
On the Map
$1,525,000
Development Site
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Players
Somerville Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93