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57 Lowell Street

Noemia Alves & Orit Aviv Close $1.15M Multifamily Sale In Somerville, MA
SOLDMultiFamily

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

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.

Players

Noemia Alves

Re/Max

Broker

$11.3M

vol

5 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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93