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Cushman & Wakefield Represents Seller In $6.27M Multifamily Sale In Somerville MA

Property Image
SOLD
$6,270,000
Julie Regan
Jon Bryant
+ 3

Massachusetts

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MultiFamily12,892 SF
Sold 07/10/2025
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Property Image
SOLD

Cushman & Wakefield Represents Seller In $6.27M Multifamily Sale In Somerville MA

43 Pitman Street

See Similar Deals
MultiFamily12,892 SF
Sold 07/10/2025
Julie Regan
Jon Bryant
+ 3
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$486
Total Square Footage:12,892 SF
Transaction Type:Sale

The property asset involved in the transaction is a multifamily building located at 43 Pitman Street in Somerville, MA. The sale concluded at a price of $6,270,000 and comprises 10 units, translating to a per unit price of $627,000. The total square footage of the property is 12,892, resulting in a price per square foot of $486.

Summary of transaction details:

The deal involved multiple key individuals from Cushman & Wakefield representing the seller, showcasing a collaborative effort among the brokers. This transaction reflects the involvement of a well-structured team in the completion of the sale.

Players

Bruce Lusa
62 deals$899.9M volume(617) 448-6308
BROKER

John Flaherty
JLL
56 deals$797.1M volume(617) 997-1557
BROKER

Jon Bryant
JLL
57 deals$804.6M volume(508) 505-0832
BROKER

Christopher Sower
Cushman & Wakefield
79 deals$1B volume
BROKER

Julie Regan
Cushman & Wakefield
42 deals$491M volume
BROKER

Mary VanNatta
Cushman & Wakefield
42 deals$491M volume
BROKER

Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: Christopher Sower, Jonathan Bryant, John Flaherty, Bruce Lusa, Julie Regan & Mary VanNatta DATE: 7/10/2025 ADDRESS: 43 Pitman Street MARKET: Somerville, MA ASSET TYPE: Multifamily SELLER'S REP: Christopher Sower (@CSower1), Jonathan (Jon) Bryant (@Jay_Bry1__), John Flaherty (@J_Flaherty5), Bruce Lusa, Julie Regan & Mary VanNatta - Cushman & Wakefield (@CushWake) SALE PRICE: $6,270,000 UNITS: 10 ~ PPU: $627,000 SF: 12,892 ~ PPSF: $486

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$334,399.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,275.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,723.00
Annual Debt Service$356,675.99