Beantown Companies Acquires Mixed-Use Property From Joe Cavaretta In Revere For $3.15M
SOLD
$3,150,000
Massachusetts
See Similar DealsMixed-use6,949 SF
Sold 02/24/2025
SOLD
Beantown Companies Acquires Mixed-Use Property From Joe Cavaretta In Revere For $3.15M
2 4 Malden Street
See Similar DealsMixed-use6,949 SF
Sold 02/24/2025
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$453
Total Square Footage:6,949 SF
Transaction Type:Sale
This mixed-use property located at 2-4 Malden Street in Revere, MA, was sold for $3,150,000. The asset spans a total of 6,949 square feet, translating to a price per square foot of $453.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,150,000
- Buyer: Beantown Companies
- Seller: Joe Cavaretta
- Brokers: Ryan Taylor & Brayden Haney - Fortune Realty
- Date of Transaction: 02/24/2025
The transaction involved Beantown Companies acquiring the property, with Joe Cavaretta acting as the seller. The deal was brokered by Ryan Taylor and Brayden Haney from Fortune Realty, representing the sale accordingly.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$168,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,191.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,932.61
Annual Debt Service$179,191.28
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