Updated Dec 4, 2024
Hawthorn Properties Acquires Multifamily Property In Somerville For $1.3M
73 Ten Hills Road & 75 Ten Hills Road
$1,305,000
$190/SF
Building Size
3,424 SF
Asset Type
MultiFamily
Closing
Aug 31, 2023
About this deal
AI
A multi-family property located at 73-75 Ten Hills Road in Somerville, MA has recently been sold for a total price of $1,305,000. The property spans approximately 3,424 square feet and was sold at a price per square foot of $381.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,305,000
- Address: 73-75 Ten Hills Road, Somerville, MA
- Market: Somerville, MA
This transaction was facilitated by Robert S Ticktin of Hawthorn Properties, who acted as the buyer's representative. On the seller's side, Stephen McKenna and The Home Advantage Team from Sotheby's International Realty served as the seller's representatives.
On the Map
$1,305,000
$190/SF
MultiFamily
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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
12.16%
Cash-on-Cash
-3.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93