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39 Pearson Road

Stephen Bremis Realty Group Facilitates $1.3M Sale Of Multifamily Property In Somerville, MA
SOLDMultiFamily

Stephen Bremis Realty Group Facilitates $1.3M Sale Of Multifamily Property In Somerville, MA

39 Pearson Road

$1,325,000

$389/SF

Building Size

3,400 SF

Asset Type

MultiFamily

Closing

Sep 28, 2023

AI

A multifamily property located at 39 Pearson Road in Somerville, MA, was recently sold. This property, spanning 3,400 square feet, was sold at a price of $1,325,000, resulting in a price per square foot of $390. The transaction was facilitated by broker Stephen Bremis of Steve Bremis Realty Group.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,325,000
  • Square Footage: 3,400 sqft
  • Price per Square Foot: $390
  • Address: 39 Pearson Road, Somerville, MA
  • Market: Somerville, MA
  • Broker: Stephen Bremis - Steve Bremis Realty Group

Stephen Bremis of Steve Bremis Realty Group played a significant role in facilitating the transaction. His expertise and assistance were instrumental in ensuring a successful deal. The sale of the multifamily property at 39 Pearson Road highlights the value and opportunities present in the real estate market in Somerville, MA.

Players

Stephen Bremis

Steve Bremis Realty Group

Broker

$11.4M

vol

8 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.97%

Cash-on-Cash

-3.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93