Sandra Capo Buys The Princeton Multifamily Property In Somerville For $11M

The property involved in the transaction is a 50-unit multi-family brick apartment building known as "The Princeton" located at 333 Broadway in Somerville, MA. The sale price for the property was $11,000,000 with a price per unit of $220,000. The building spans 46,270 square feet and sold for $238 per square foot, boasting a gross income of $786,708 and a net income of $471,476. The deal was facilitated by ViceRoy Capital Management, with Sandra M Capo and Carl A Valeri as the buyers.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,000,000
• Units: 50
• Square Footage: 46,270
• Price Per Unit: $220,000
• Price Per Square Foot: $238
• Address: 333 Broadway, Somerville, MA
• Market: Somerville, MA

Brian DApice of The Mega Group represented the buyers in the sale. The financing for the deal included a first mortgage of $8,000,000 provided by Marcelo Dutra, Vice President Commercial Lending at Brookline Bank. Legal representation for the buyers was handled by Sally E Michael of Saul Ewing LLP, while the sellers were represented by James A Juliano of Juliano Law Group. The Mega Group is a commercial real estate firm based in Danvers, MA, serving the greater metropolitan Boston area, coastal New Hampshire, and southern Maine.