Joe D'Ovidio Purchases Multifamily Asset From Joe Boccelli For $16.2 Million In Revere MA

The property asset involved in this sale is a multifamily building located at 247 Washington Avenue, Revere, MA. The sale price was $16,200,000, encompassing 36 units with a price per unit of $450,000. The total square footage of the property is 51,518, leading to a price per square foot of $314.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $16,200,000
• Units: 36
• Price per Unit: $450,000
• Square Footage: 51,518
• Price per Square Foot: $314
• Buyer: Joe D'Ovidio
• Seller: Joe Boccelli
• Brokers: Dan Pouladian, Sara Pouladian & Michael McCarthy - North Shore Realty Advisors

North Shore Realty Advisors represented the seller, Joe Boccelli, and procured the buyer, Joe D'Ovidio, in this off-market transaction. The brokerage played a pivotal role in facilitating this deal, and congratulations were extended to all parties involved.