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48-50 Whitfield Road, Somer...

Steve Bremis Realty Group Sells Somerville Multifamily For $1.11M
SOLDMultiFamily

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.

Players

Stephen Bremis

Steve Bremis Realty Group

Broker

$11.4M

vol

8 deals

Broker

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

14.29%

Cash-on-Cash

-4.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93