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33 Thingvalla Avenue

John Raposo Of Encompass Property Solutions Represents Buyer In Cambridge Multifamily Sale For $1.425M
SOLDMultiFamily

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:

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

Ari Koufos

Realty Executives

Broker

$16.2M

vol

13 deals

Broker

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