Thalia Tringo & Associates Real Estate Acquires Multifamily Property In Somerville For $1.45M
34 Simpson Avenue
$1,450,000
$466/SF
Building Size
3,111 SF
Asset Type
MultiFamily
Closing
Sep 7, 2023
AI
A multifamily property located at 34 Simpson Avenue in Somerville, Massachusetts, was recently sold for $1.45 million. The property spans 3,111 square feet, resulting in a price per square foot of $466.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Square Footage: 3,111
- Price per Square Foot: $466
- Address: 34 Simpson Avenue, Somerville, MA
- Market: Somerville, MA
- Buyer's Representative: Thalia Tringo - Thalia Tringo & Associates Real Estate
- Seller's Representative: Michael MacDonald - Advisors Living
Thalia Tringo from Thalia Tringo & Associates Real Estate represented the buyer in this transaction. Michael MacDonald of Advisors Living acted as the seller's representative.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93