Updated Dec 21, 2023
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
About this deal
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.
The multifamily sale at 20 Cutter Avenue, Somerville, Massachusetts 02144, United States in Somerville, Massachusetts sold for $1.4M in 2022. The building is 2,706 square feet, implying about 498 per square foot on the published price. Named participants on the 20 Cutter Avenue, Somerville, Massachusetts 02144, United States sale are Kate Kittipanthopas, Eunmi Lee. This page is the Somerville, Massachusetts file for the 20 Cutter Avenue, Somerville, Massachusetts 02144, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 20 Cutter Avenue, Somerville, Massachusetts 02144, United States around 2022. Published consideration for 20 Cutter Avenue, Somerville, Massachusetts 02144, United States is $1.4M, dated 2022. Cite this Lux Realty Acquires Multifamily Property In Somerville, MA For $1.35M sale when underwriting similar multifamily product around Somerville, Massachusetts.
On the Map
$1,350,000
$498/SF
MultiFamily
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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