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

Property Image
SOLD
$1,150,000
Noemia Alves
Orit Aviv

Massachusetts

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MultiFamily2,330 SF
Sold 02/29/2024
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Property Image
SOLD

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

57 Lowell Street

See Similar Deals
MultiFamily2,330 SF
Sold 02/29/2024
Noemia Alves
Orit Aviv
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$493
Total Square Footage:2,330 SF
Transaction Type:Sale

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
Noemia Alves
5 deals$11.3M volume
BROKER
Orit Aviv
Coldwell Banker
Orit Aviv
1 deal$1.2M volume(603) 396-6848
BROKER

Details

SOLD
IMAGE: Noemia Alves & Orit Aviv DATE: 02/29/2024 ADDRESS: 57 Lowell Street MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER'S REP: Orit Aviv - Coldwell Banker (@CBrbNewton) SELLER'S REP: Noemia Alves (@Noemia22) - Re/Max Destiny (@DestinyAgents) SALE PRICE: $1,150,000 SF: 2,330 ~ PPSF: $494 NOTE: A multifamily property located at 57 Lowell Street in Somerville was sold for $1,150,000. Orit Aviv from Coldwell Banker represented the buyer, while Noemia Alves from Re/Max represented the seller in the transaction.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
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