Updated Sep 9, 2024
Horvath & Tremblay Brokers $2.87M Multifamily Sale In Revere, MA
37 Walnut Avenue, Revere, Massachusetts 02151, United States
$2,870,000
$455/SF
Building Size
6,300 SF
Asset Type
MultiFamily
Closing
May 22, 2022
About this deal
AI
The multifamily property located at 37 Walnut Ave in Revere, MA has been sold for a total price of $2,870,000. The transaction took place on 05/23/2022 and was facilitated by Stephen Girolamo from Horvath & Tremblay, representing the buyer, and Matthew Bernard from Keller Williams, representing the seller. The property consists of 12 units, with each unit having an average price of $239,167. It spans across 6,300 square feet, with a price per square foot of $456.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,870,000
- Date: 05/23/2022
- Address: 37 Walnut Ave, Revere, MA
- Buyer's Rep: Stephen Girolamo - Horvath & Tremblay
- Seller's Rep: Matthew Bernard - Keller Williams
- Units: 12
- Price per Unit: $239,167
- Square Footage: 6,300
- Price per Square Foot: $456
Stephen Girolamo from Horvath & Tremblay represented the buyer in this transaction, ensuring a smooth process and favorable outcome for their client's acquisition of the multifamily property. Matthew Bernard from Keller Williams served as the representative for the seller, working diligently to negotiate a satisfactory sale price. The successful sale of the property highlights the expertise and professionalism of both the buyer's and seller's representatives involved in the 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
5.53%
Cash-on-Cash
-1.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93