Updated Oct 28, 2024
RCG LLC Acquires Multifamily Property In Lowell, MA For $3.1M
45 Merrimack St, Lowell, Massachusetts 01852, United States
$3,100,000
$44/SF
Building Size
69,500 SF
Asset Type
MultiFamily
Closing
Apr 11, 2022
About this deal
AI
The multifamily property located at 45 Merrimack St in Lowell, MA has been sold. The transaction took place on 04/12/2022, with a sale price of $3,100,000. The property spans a total of 69,500 square feet, resulting in a price per square foot of $45. The buyer of the property is RCG LLC, while Charles River Realty Group acted as the seller.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Date: 04/12/2022
- Address: 45 Merrimack St
- Market: Lowell, MA
- Buyer: RCG LLC
- Seller: Charles River Realty Group
The sale of the property was facilitated by a team of brokers from Cushman & Wakefield. Bruce Lusa, Chris Sower, Jon Bryant, John Flaherty, Kevin Jones, Mary VanNatta, and Julie Regan represented the parties 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93