Northeast Private Client Group Sells Multifamily Property In Revere, MA For $3.55M
18 Fitzhenry Square, Revere, Massachusetts 02151, United States
$3,550,000
$352/SF
Building Size
10,084 SF
Asset Type
MultiFamily
Closing
May 26, 2022
AI
An investment property located at 18 Fitzhenry Square in Revere, MA has been sold in a recent transaction. The property is a multifamily asset consisting of 14 units. The sale was facilitated by brokers Francis Saenz, Drew Kirkland, Jim Casey, and Brad Carlson from Northeast Private Client Group. The transaction took place on May 27, 2022, with a sale price of $3,550,000. This translates to an average price per unit of $253,571.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,550,000
- Number of Units: 14
- Price Per Unit: $253,571
The deal was successfully executed with the assistance of Francis Saenz, Drew Kirkland, Jim Casey, and Brad Carlson, who represent Northeast Private Client Group. Their expertise and knowledge of the market played a crucial role in facilitating the transaction.
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
4.47%
Cash-on-Cash
-1.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93