Updated Dec 19, 2023
Joacir Demelo Acquires Condo On 234 Proctor Avenue In West Revere, MA For $400K
234 Proctor Avenue, Revere, Massachusetts 02151, United States
$400,000
$225/SF
Building Size
1,775 SF
Asset Type
—
Closing
Nov 2, 2022
About this deal
AI
A condo located at 234 Proctor Avenue in West Revere, MA, was recently sold for $400,000. The property offers 1,775 square feet of living space, resulting in a price per square foot of $225.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $400,000
- Date: 11/03/2022
- Market: West Revere, MA
- Buyer: Joacir Demelo
- Seller: Donna Adelman
- Buyer's Representative: Michael Sulprizio - Sulprizio Real Estate
- Seller's Representative: Kathleen Orlando - Sulprizio Real Estate
The condo, handled by Michael Sulprizio of Sulprizio Real Estate, was purchased by Joacir Demelo from seller Donna Adelman. The transaction was completed on 11/03/2022 in the West Revere, MA market.
Players
Revere CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
About $225 per square foot on a published $400K for 1,775 square feet (2022).
Visit Michael Sulprizio to view all their deals.
Browse Massachusetts sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
39.66%
Cash-on-Cash
-11.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93