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

Property Image
SOLD
$1,325,000

Massachusetts

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MultiFamily3,400 SF
Sold 09/28/2023
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Property Image
SOLD

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

39 Pearson Road

See Similar Deals
MultiFamily3,400 SF
Sold 09/28/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$389
Total Square Footage:3,400 SF
Transaction Type:Sale

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 (Steve) Bremis
8 deals$11.4M volume
BROKER

Details

SOLD
IMAGE: Stephen Bremis DATE: 09/28/2023 ADDRESS: 39 Pearson Road MARKET: Somerville, MA ASSET TYPE: Multifamily BROKER: Stephen Bremis (@SteveBremisTeam) - Steve Bremis Realty Group SALE PRICE: $1,325,000 SF: 3,400 ~ PPSF: $390 NOTE: A multifamily property at 39 Pearson Road in Somerville, MA, with 3,400 square feet, was sold for $1,325,000 at a price per square foot of $390. The transaction was facilitated by broker Stephen Bremis of Steve Bremis Realty Group.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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