Updated Dec 4, 2024
Berkshire Hathaway HomeServices Sells Land Property In Somerville, MA For $3,999,000
325 Alewife Brook Parkway
$3,999,000
Building Size
—
Asset Type
Land
Closing
Sep 5, 2023
About this deal
AI
A land property located at 325 Alewife Brook Parkway in Somerville, MA was sold on 09/05/2023 for a total of $3,999,000. The property is situated in a prime location in Somerville and offers great potential for development. With a sizeable lot, the land provides ample space for various projects.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $3,999,000
- Address: 325 Alewife Brook Parkway, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this transaction was Mike Cohen from COMPASS, while the seller's representative was Jack Lister from Berkshire Hathaway HomeServices. Both brokers played a crucial role in facilitating the successful sale of the property.
Somerville Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93