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34 Simpson Avenue

Thalia Tringo & Associates Real Estate Acquires Multifamily Property In Somerville For $1.45M
SOLDMultiFamily

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:

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

Thalia Tringo

Broker

$8.1M

vol

5 deals

Broker

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