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73 Ten Hills Road

Hawthorn Properties Acquires Multifamily Property In Somerville For $1.3M
SOLDMultiFamily

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

6,848 SF

Asset Type

MultiFamily

Closing

Aug 31, 2023

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.

Players

Stephen McKenna

Sotheby's International Realty

Broker

$19.6M

vol

15 deals

Broker

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