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106 Bromfield Road, Somervi...

Dee Minnock Of SelectRE Boston Acquires Somerville Multifamily For $1.5M
SOLDMultiFamily

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

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.

Players

Marjie Fitzpatrick

Coldwell Banker

Broker

$5.7M

vol

4 deals

Broker

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