Steve Bremis Realty Group Sells Somerville Multifamily For $1.11M
48-50 Whitfield Road, Somerville, MA, USA
$1,110,000
$482/SF
Building Size
2,300 SF
Asset Type
MultiFamily
Closing
Mar 25, 2021
AI
Located in Somerville, MA, the multifamily property at 48-50 Whitfield Road was recently sold for a total price of $1,110,000. The transaction took place on March 26, 2021, and was facilitated by The Steve Bremis Team from Steve Bremis Realty Group. This property spans approximately 2,300 square feet, resulting in a price per square foot of $483.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,110,000
- Address: 48-50 Whitfield Road, Somerville, MA
- Market: Somerville, MA
- Broker: The Steve Bremis Team - Steve Bremis Realty Group
- Square Footage: 2,300
- Price per Square Foot: $483
Steve Bremis Realty Group, represented by The Steve Bremis Team, played a crucial role in this transaction. Their expertise and negotiation skills helped facilitate the successful sale of the property. The Steve Bremis Team has a strong reputation in the real estate market and continues to provide exceptional services to their clients.
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
14.29%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93