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129 Lynnway

Sherean Azarmi Of Urban Circle Realty Represents Buyer In $1.31M Multifamily Sale In Revere MA
SOLDMultiFamily

Sherean Azarmi Of Urban Circle Realty Represents Buyer In $1.31M Multifamily Sale In Revere MA

129 Lynnway

$1,310,000

$335/SF

Building Size

3,906 SF

Asset Type

MultiFamily

Closing

Oct 16, 2024

AI

A three-family home at 129 Lynnway, Revere, MA, has been sold for $1,310,000. The property features 3,906 sq ft of living space, offering 6 bedrooms and 3 bathrooms, with a price per unit of $436,667 and a price per square foot of $335. The residence is located in the Points of Pine area near a private beach, making it appealing to both owner-occupants and investors. Notable features include updated units and off-street parking, as well as proximity to public transit and Revere Beach.

Summary of transaction details:

Sherean Azarmi represented the buyer in this transaction, while Maria Pena acted as the representative for the seller. Their involvement played a key role in facilitating the successful sale of the property within the competitive Revere, MA market.

Players

Sherean Azarmi

Broker

$6.2M

vol

4 deals

Broker

Revere 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

12.11%

Cash-on-Cash

-3.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93