Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,325,000
$389/SF
MultiFamily
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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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93