Dana Lopez & Raymond Nickerson Acquire Revere, MA Multifamily For $15M

The multifamily property located at 1 Revere Beach Blvd in Revere, MA has been sold for $15,000,000. The transaction took place on September 13, 2021. The property consists of 50 units, with a price per unit of $300,000. It has a total square footage of 50,625, with a price per square foot of $296.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,000,000
• Address: 1 Revere Beach Blvd, Revere, MA
• Market: Revere, MA
• Buyer: Dana Lopez & Raymond Nickerson
• Seller: Joseph A. Festa Jr
• Units: 50
• Price per Unit: $300,000
• Total Square Footage: 50,625
• Price per Square Foot: $296

The buyers of the property are Dana Lopez and Raymond Nickerson. They acquired the property from Joseph A. Festa Jr. It is a significant acquisition in the Revere, MA market, adding to their real estate portfolio.