John Raposo Of Encompass Property Solutions Represents Buyer In Cambridge Multifamily Sale For $1.425M
33 Thingvalla Avenue
$1,425,000
$534/SF
Building Size
2,666 SF
Asset Type
MultiFamily
Closing
Jul 18, 2024
AI
A classic two-family home at 33 Thingvalla Avenue in Cambridge's Strawberry Hill area was sold for $1.425 million. The property includes five bedrooms, a spacious backyard, and offers convenient access to Harvard Square and local amenities. It has a total area of 2,666 square feet with a price per square foot of $535.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,425,000
- Units: 2
- Price Per Unit: $712,500
- Square Footage: 2,666
- Price Per Square Foot: $535
- Buyer's Representative: John Raposo - Encompass Property Solutions
- Seller's Representative: Ari Koufos - Realty Executives
The transaction involved key representatives in the real estate market, showcasing the efforts of John Raposo, who represented the buyer, and Ari Koufos, who represented the seller. Their involvement highlights the professionalism in facilitating this multifamily home sale.
Players
Cambridge 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
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93