William Raveis Real Estate Acquires Multifamily Property In Somerville, MA For $1.1M
6-8 Cutter Park, Somerville, MA, USA
$1,100,000
$491/SF
Building Size
2,238 SF
Asset Type
MultiFamily
Closing
Nov 29, 2021
AI
The multifamily property located at 6-8 Cutter Park in Somerville, MA has been sold for a price of $1,100,000. This property spans a total of 2,238 square feet, resulting in a price per square foot of $492.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 6-8 Cutter Park, Somerville, MA
- Market: Somerville, MA
The buyer in this deal was represented by Andrew Lau from William Raveis Real Estate - Brookline, while the seller was represented by Robert S Ticktin from Hawthorn Properties.
These are the key individuals and agencies involved in facilitating the transaction.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93