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:
- Property Type: Multifamily
- Transaction Amount: $1,310,000
- Units: 3
- Square Footage: 3,906
- Price Per Unit: $436,667
- Price Per Square Foot: $335
- Buyer's Representative: Sherean Azarmi - Urban Circle Realty
- Seller's Representative: Maria Pena - Pena Realty Corporation
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
Revere 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
12.11%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93