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.
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