Lux Realty Acquires Multifamily Property In Somerville, MA For $1.35M
20 Cutter Avenue, Somerville, Massachusetts 02144, United States
$1,350,000
$498/SF
Building Size
2,706 SF
Asset Type
MultiFamily
Closing
Apr 10, 2022
AI
The multifamily property located at 20 Cutter Ave in Somerville, MA has been sold for a total price of $1,350,000. The property spans a total area of 2,706 square feet, resulting in a price per square foot of $499.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 20 Cutter Ave, Somerville, MA
- Market: Somerville, MA
The buyer's representative in this transaction was Kate Kittipanthopas from Lux Realty, LLC. The seller's representative was Eunmi Lee.
Players
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93