Updated Oct 28, 2024
Helge Capital Acquires Multifamily Property In Revere, MA For $27.15M
190 North Shore Road, Revere, Massachusetts 02151, United States
$27,150,000
Units
72
Asset Type
MultiFamily
Closing
Sep 14, 2022
About this deal
AI
The property involved in this transaction is a multifamily asset located at 190 North Shore Road in Revere, MA. The transaction took place on 09/15/2022 and the property was sold by The Heritage Companies to Helge Capital. The brokers involved in the deal were Adam Dunn, Chris Phaneuf, and Matt Olson from Berkadia. The sale price for the property was $27,150,000, and it consists of 72 units with an average price per unit of $377,083.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $27,150,000
- Units: 72
- Price per Unit: $377,083
Adam Dunn, Chris Phaneuf, and Matt Olson from Berkadia played a crucial role as brokers in facilitating the transaction between the buyer, Helge Capital, and the seller, The Heritage Companies.
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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93