Century 21 Advance Realty Represents Sale Of Multifamily Property In Somerville For $1.31M
36 Simpson Ave, Somerville, Massachusetts, USA
$1,310,000
$421/SF
Building Size
3,107 SF
Asset Type
MultiFamily
Closing
May 2, 2021
AI
A multifamily property located at 36 Simpson Ave in Somerville, MA has been sold for a price of $1,310,000. The property spans across 3,107 square feet, resulting in a price per square foot of $422. The sale took place on 05/03/2021. Loreen Cinganelli of Century 21 Advance Realty represented the seller in this transaction.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,310,000
- Square Feet: 3,107
- Price Per Square Foot: $422
- Date: 05/03/2021
- Address: 36 Simpson Ave, Somerville, MA
- Market: Somerville, MA
Loreen Cinganelli, a broker from Century 21 Advance Realty, had the representation of the seller in this transaction.
Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.11%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93