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198 Harris Street

Madison Team & The Sarkis Team Broker $1.3M Multifamily Sale In Revere
SOLDMultiFamily

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

Manny Sarkis

Douglas Elliman

Broker

$11.5M

vol

5 deals

Broker

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