Updated Dec 4, 2024
Noemia Alves & Orit Aviv Close $1.15M Multifamily Sale In Somerville, MA
57 Lowell Street
$1,150,000
$493/SF
Building Size
2,330 SF
Asset Type
MultiFamily
Closing
Feb 29, 2024
About this deal
AI
A multifamily property located at 57 Lowell Street in Somerville was sold for $1,150,000. The property spans 2,330 square feet with a price per square foot of $494.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 57 Lowell Street
- Market: Somerville, MA
Orit Aviv from Coldwell Banker represented the buyer, while Noemia Alves from Re/Max Destiny represented the seller in the transaction.
The multifamily sale at 57 Lowell Street in Somerville, Massachusetts sold for $1.2M in 2024. The building is 2,330 square feet, implying about 493 per square foot on the published price. Noemia Alves, Orit Aviv, Coldwell Banker, Re/Max appear on the sale alongside Coldwell Banker, Re/Max. This page is the Somerville, Massachusetts file for the 57 Lowell Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 57 Lowell Street around 2024. Published consideration for 57 Lowell Street is $1.2M, dated 2024. Cite this Noemia Alves & Orit Aviv Close $1.15M Multifamily Sale In Somerville, MA sale when underwriting similar multifamily product around Somerville, Massachusetts.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93