Updated Sep 9, 2024
Dee Minnock Of SelectRE Boston Acquires Somerville Multifamily For $1.5M
106 Bromfield Road, Somerville, MA 02144
$1,500,000
$451/SF
Building Size
3,319 SF
Asset Type
MultiFamily
Closing
Dec 14, 2021
About this deal
AI
Located at 106 Bromfield Rd in Somerville, MA, this multifamily property was recently sold for $1,500,000. Spanning across 3,319 square feet, the property boasts a price per square foot of $452.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 106 Bromfield Rd, Somerville, MA
- Market: Somerville, MA
- Seller's Rep: Marjie and Phil - Coldwell Banker Realty - Arlington
- Buyer's Rep: Dee Minnock - SelectRE Boston
Marjie and Phil from Coldwell Banker Realty in Arlington represented the seller in this transaction, while Dee Minnock from SelectRE Boston represented the buyer.
On the Map
$1,500,000
$451/SF
MultiFamily
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Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93