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
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