Arrowpoint Properties Acquires Multifamily Property In Lowell, MA For $7.3M
159 Wood Street
$7,300,000
$183/SF
Building Size
39,755 SF
Asset Type
MultiFamily
Closing
Jan 15, 2021
AI
The multifamily property located at 151-159 Wood Street in Lowell, MA has been sold for $7,300,000. The transaction took place on January 15, 2021. The property consists of 51 units, with a price per unit of $143,137.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,300,000
- Address: 151-159 Wood Street, Lowell, MA
- Market: Lowell, MA
- Buyer: Arrowpoint Properties - David Lamattina & Jay Goldberg
- Seller: N/A
- Brokers: Northeast Private Client Group
The buyer of the property is Arrowpoint Properties, represented by David Lamattina and Jay Goldberg. The transaction was facilitated by Northeast Private Client Group.
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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93