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18 Bromfield Road

Multi-Family Property In Somerville, MA Sold For $1.55M With Buyer's Rep Sammy Chen & Seller's Rep Carol McDonald Macri
SOLDMultiFamily

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

Sammy Chen

Denkar Realty Group

Broker

$8.9M

vol

7 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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93