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
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
14.62%
Cash-on-Cash
-4.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93