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
Somerville 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93