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19 Everett Avenue

Dritan Tola Acquires Multifamily Asset From Floriano Pavao In Somerville For $1,767,000
SOLDMultiFamily

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.

Players

Joe Vecchione

Grove Property Group

Broker

$11.6M

vol

4 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

8.98%

Cash-on-Cash

-2.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93