Nikolaos Stamos Acquires Multifamily Property In Lowell, MA For $455,000
30 Stanley Street, Lowell, Massachusetts 01850, United States
$455,000
$207/SF
Building Size
2,195 SF
Asset Type
MultiFamily
Closing
Jun 26, 2022
AI
A multifamily property located at 30 Stanley St in Lowell, MA has been sold for a total price of $455,000. The property consists of 2 units with a combined square footage of 2,195. The price per unit is $227,500 and the price per square foot is $207.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $455,000
- Address: 30 Stanley St, Lowell, MA
- Market: Lowell, MA
- Units: 2
- Price per Unit: $227,500
- Square Footage: 2,195
- Price per Square Foot: $207
The buyer of the property is Nikolaos Stamos and the seller is Kimball A Murray. Representing the buyer is Dan Loprete from Realty Executives. The seller's representative is Salihu Mohammed.
Players
Lowell MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
34.86%
Cash-on-Cash
-9.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93