Dritan Tola Acquires Multifamily Asset From Floriano Pavao In Somerville For $1,767,000
19 Everett Avenue
$1,767,000
$254/SF
Building Size
6,936 SF
Asset Type
MultiFamily
Closing
Apr 29, 2026
AI
The asset involved in this transaction is a multifamily property located at 19 Everett Avenue in Somerville, MA. The sale price for the property was $1,767,000. It consists of 4 units, with a total square footage of 6,936 and a price per unit of $441,750, translating to a price per square foot of $254.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,767,000
- Units: 4
- Price Per Unit: $441,750
- Square Footage: 6,936
- Price Per Square Foot: $254
- Buyer: Dritan Tola
- Seller: Floriano Pavao
- Broker: Joe Vecchione - Grove Property Group
The key individuals involved in this transaction include Dritan Tola as the buyer and Floriano Pavao as the seller. The deal was facilitated by broker Joe Vecchione from Grove Property Group, who represented the interests of the buyer in this multifamily property transaction.
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
8.98%
Cash-on-Cash
-2.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93