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29 Appleton St, Somerville,...

Thalia Tringo Sells Multifamily Property In Somerville, MA For $1.085M With Buyer's Rep Gregory McCarthy
SOLDMultiFamily

Thalia Tringo Sells Multifamily Property In Somerville, MA For $1.085M With Buyer's Rep Gregory McCarthy

29 Appleton St, Somerville, Massachusetts, USA

$1,085,000

$552/SF

Building Size

1,963 SF

Asset Type

MultiFamily

Closing

May 24, 2020

AI

A multifamily property located at 29 Appleton St in Somerville, MA was recently sold for $1,085,000. The property spans 1,963 square feet, resulting in a price per square foot of $553. The transaction took place on 05/24/2021, and the sale was facilitated by Thalia Tringo of Thalia Tringo & Associates Real Estate, Inc., representing the seller, and Gregory McCarthy of Riverfront REALTORS, representing the buyer.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,085,000
  • Square Footage: 1,963
  • Price per Square Foot: $553
  • Address: 29 Appleton St, Somerville, MA
  • Market: Somerville, MA
  • Seller's Representative: Thalia Tringo - Thalia Tringo & Associates Real Estate, Inc.
  • Buyer's Representative: Gregory McCarthy - Riverfront REALTORS
  • Date: 05/24/2021

This transaction involved the sale of a multifamily property located at 29 Appleton St in Somerville, MA. Thalia Tringo of Thalia Tringo & Associates Real Estate, Inc. represented the seller, while Gregory McCarthy of Riverfront REALTORS represented the buyer. The property was sold for $1,085,000, and it spans 1,963 square feet, resulting in a price per square foot of $553.

Players

Thalia Tringo

Broker

$8.1M

vol

5 deals

Broker

Somerville MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.62%

Cash-on-Cash

-4.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93