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Steve Bremis Realty Group Sells Somerville Multifamily For $1.11M

Property Image
SOLD
$1,110,000

Massachusetts

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MultiFamily2,300 SF
Sold 03/26/2021
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Property Image
SOLD

Steve Bremis Realty Group Sells Somerville Multifamily For $1.11M

48-50 Whitfield Road, Somerville, MA, USA

See Similar Deals
MultiFamily2,300 SF
Sold 03/26/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$482
Total Square Footage:2,300 SF
Transaction Type:Sale

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.

Players

Stephen (Steve) Bremis
8 deals$11.4M volume
BROKER

Details

SOLD
IMAGE: Steve Bremis DATE: 03/26/2021 ADDRESS: 48-50 Whitfield Road MARKET: Somerville, MA ASSET TYPE: Multifamily BROKER: The Steve Bremis Team - Steve Bremis Realty Group SALE PRICE: $1,110,000 SF: 2,300 ~ PPSF: $483

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,943.59
Cash-on-Cash Return-1.27%
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