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
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
8.44%
Cash-on-Cash
-2.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93