Madison Team & The Sarkis Team Broker $1.3M Multifamily Sale In Revere
198 Harris Street
$1,300,000
$375/SF
Building Size
3,459 SF
Asset Type
MultiFamily
Closing
May 10, 2024
AI
Located at 198 Harris Street in Revere, MA, the property is a multifamily asset comprising a 5-unit building. The transaction involved a sale price of $1,300,000, with each unit valued at $260,000. The total square footage of the property is 3,459, translating to a price per square foot of $376.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 5
- Price per Unit: $260,000
- Square Footage: 3,459
- Price per Square Foot: $376
- Address: 198 Harris Street
- Market: Revere, MA
The transaction at 198 Harris St in Revere, MA involved the Madison Team from RE/MAX Renaissance Inc representing the buyer. On the other side, George Sarkis & Manny Sarkis, from The Sarkis Team at Douglas Elliman, acted as the seller's representatives in this deal.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93