Northeast Private Client Group Facilitates $2.7M Multifamily Sale In Revere, MA
SOLD
$2,725,000
Massachusetts
See Similar DealsMultiFamily
Sold 01/28/2022
SOLD
Northeast Private Client Group Facilitates $2.7M Multifamily Sale In Revere, MA
13 Nahant Avenue, Revere, Massachusetts 02151, United States
See Similar DealsMultiFamily
Sold 01/28/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
A multifamily property located at 13 Nahant Ave in Revere, MA has been sold for a price of $2,725,000. The transaction took place on January 28, 2022. The property is part of the Revere market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,725,000
- Address: 13 Nahant Ave, Revere, MA
- Market: Revere, MA
The deal was facilitated by Francis Saenz and Drew Kirkland from Northeast Private Client Group, who acted as brokers in the transaction. They represented the buyer and seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$145,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,681.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,917.89
Annual Debt Service$155,014.68
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