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Financial
Distress signals
Property profile

142 Cross St Somerville, MA 02145

FOR SALE
Turn key restaurants
Property ID
US38-1578395
2,135 SF 0.06 ac lot Built 1940
Last sale Sep 2014 · $750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A ZBA-approved, three-unit residential condominium development project located in Somerville, situated approximately 0.3 miles from the East Somerville Green Line Station and along a bike path with proximity to East Cambridge and downtown Boston, on the edge of the Inner Belt neighborhood. The project is designed as separate residential units with included site and architectural plans: a first-floor unit with 4 bedrooms and 2 bathrooms totaling 2,843 SF; a middle unit with 3 bedrooms and 2…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$12k
Tax billed · 2024
Assessed value$665k
Assessed land$389k
Assessed improvement$276k
Effective rate1.82%

Value estimate

· Oct 2026
$250k
$225k – $275k
AI approach$250k
NOI build-up
Gross scheduled income$219k
Vacancy & credit loss−$11k
Operating expenses−$93k
NOI · 16.30% cap applied$114k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$290/SF
County average, outlier-cleaned · 138 recorded sales of this use type
Observed band · Q1–Q3$147 – $429
Qualifying comparables13

Cap rate analysis

How does the asset earn?
16.30%
$114k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BB
JurisdictionSOMERVILLE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm24.6
Realty agency18.9
Accounting Firm12.5

Location

142 Cross St Somerville, MA 02145
County assessor Recorded deeds · 8 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
70 Vernon, Somerville, MA 02145-3632 $850,000 Aug 2024 1,620 SF
145 Broadway, Somerville, MA 02145-2132 $950,000 Nov 2023 1,672 SF
499 Broadway, Somerville, MA 02145-2503 $320,000 Nov 2023 2,644 SF
9 Florence, Somerville, MA 02145-4306 $750,000 May 2023 1,630 SF
78 Broadway, Somerville, MA 02145-3321 $1,550,000 Mar 2022 1,763 SF
129 Broadway, Somerville, MA 02145-2131 $550,000 Mar 2020 2,289 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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