Hmw Real Estate Acquires Multifamily Property In Somerville, MA For $1M
59 Lowell Street, Somerville, Massachusetts 02143, United States
$1,000,000
$391/SF
Building Size
2,554 SF
Asset Type
MultiFamily
Closing
Dec 17, 2021
AI
Located in Somerville, MA, the multifamily property at 59-61 Lowell St has been sold for $1,000,000. With a size of 2,554 square feet, the property was purchased at a price per square foot of $392.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 59-61 Lowell St
- Market: Somerville, MA
The transaction was facilitated by Juan Gao of Hmw Real Estate, Llc, who represented the buyer. Jonathan Mitchell of Compass represented the seller in the deal.
Players
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93