Multi-Family Property In Somerville, MA Sold For $1.55M With Buyer's Rep Sammy Chen & Seller's Rep Carol McDonald Macri
18 Bromfield Road
$1,550,000
$483/SF
Building Size
3,206 SF
Asset Type
MultiFamily
Closing
Oct 24, 2023
AI
A multifamily property located at 18 Bromfield Road in Somerville, MA, has been sold for $1,550,000. The property spans 3,206 square feet, resulting in a price per square foot of $483.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 18 Bromfield Road, Somerville, MA
- Market: Somerville, MA
The transaction was facilitated by Sammy Chen from Denkar Realty Group, who represented the buyer, and Carol McDonald Macri from Lamacchia Realty, who represented the seller.
This sale represents a successful transaction for both parties involved, with Carol McDonald Macri and Sammy Chen playing vital roles as the seller's and buyer's representatives respectively.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93