Helge Capital Acquires Multifamily Property In Revere, MA For $27.15M
SOLD
$27,150,000
Massachusetts
See Similar DealsMultiFamily
Sold 09/15/2022
SOLD
Helge Capital Acquires Multifamily Property In Revere, MA For $27.15M
190 North Shore Road, Revere, Massachusetts 02151, United States
See Similar DealsMultiFamily
Sold 09/15/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,447,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$96,458.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$128,704.85
Annual Debt Service$1,544,458.22
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