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Thalia Tringo & Associates Real Estate Acquires Multifamily Property In Somerville For $1.45M
SOLD
Massachusetts
See Similar DealsMultiFamily3,111 SF
Sold 09/07/2023
SOLD
Thalia Tringo & Associates Real Estate Acquires Multifamily Property In Somerville For $1.45M
34 Simpson Avenue
See Similar DealsMultiFamily3,111 SF
Sold 09/07/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$466
Total Square Footage:3,111 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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