Jessica Johana Urrutia Olivar & Juana E. Olivar Acquire Multifamily Property In Revere For $1.28M

The property asset involved in this transaction is a multi-family unit located at 262 Park Avenue, Revere, MA. The sale price for this property was $1,275,500, featuring a total of 3,303 square feet. It comprises 2 units, resulting in a price per unit of $637,750 and a price per square foot of $386.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $1,275,500
• Address: 262 Park Avenue
• Market: Revere, MA
• Units: 2
• Square Footage: 3,303
• Price Per Unit: $637,750
• Price Per Square Foot: $386
• Buyer: Jessica Johana Urrutia Olivar & Juana E. Olivar
• Seller: Mani Farahani & Milad Farahani
• Buyer's Representative: Edwin Contreras - Broad Sound Real Estate
• Seller's Representative: Melody Golestani - Gibson Sotheby’s International Realty

This transaction was notable as it marked one of the highest sale prices ever achieved for a two-family property in Revere history, according to a note from the seller's representative.