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57 Winslow Avenue, Somervil...

Watin Thongthipaya Acquires Multifamily Property In Somerville, MA For $1.88M
SOLDMultiFamily

Watin Thongthipaya Acquires Multifamily Property In Somerville, MA For $1.88M

57 Winslow Avenue, Somerville, Massachusetts 02144, United States

$1,880,000

$671/SF

Building Size

2,800 SF

Asset Type

MultiFamily

Closing

Jun 9, 2022

AI

Located at 57 Winslow Ave in Somerville, MA, this multifamily property was recently sold in a closed transaction. The property consists of 3 units with a total square footage of 2,800. The asking price for this property was $1,550,000, and it was ultimately sold for $1,880,000. This sale offers a per unit price of $626,667 and a price per square foot of $671.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,880,000
  • Address: 57 Winslow Ave, Somerville, MA
  • Market: Somerville, MA

The buyer of the property is Watin Thongthipaya, while the seller is Christa K Cornell. The transaction was facilitated by two brokers, Evelyn Yamauchi from Coldwell Banker and Evelyn Yamauchi from Compass.

Players

George Wu

Coldwell Banker

Broker

$10.2M

vol

6 deals

Broker

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

8.44%

Cash-on-Cash

-2.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93