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36 Simpson Ave, Somerville,...

Century 21 Advance Realty Represents Sale Of Multifamily Property In Somerville For $1.31M
SOLDMultiFamily

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

Loreen Cinganelli

Steve Bremis Realty Group

Broker

$2.6M

vol

2 deals

Broker
Century 21
Century 21Brokerage

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