Updated Sep 9, 2024
Israel Reyes Of Hancock Realty Group Acquires Multifamily Property In Lowell, MA For $4.2M
122 11th St, Lowell, Massachusetts, USA
$4,200,000
$436/SF
Building Size
9,621 SF
Asset Type
MultiFamily
Closing
Nov 16, 2021
About this deal
AI
A multifamily property located at 122 11th St in Lowell, MA has been sold for a price of $4,200,000. The property spans approximately 9,621 square feet, resulting in a price per square foot of $437.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Date: 11/16/2021
- Address: 122 11th St
- Market: Lowell, MA
The buyer was represented by Israel Reyes from Hancock Realty Group LLC, while the seller was represented by Patrick Hermans from J. Borstell Real Estate, Inc.
Patrick Hermans & Israel Reyes were the respective buyer's and seller's representatives involved in the transaction.
Players
Lowell 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93