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37 Walnut Avenue, Revere, M...

Updated Sep 9, 2024

Horvath & Tremblay Brokers $2.87M Multifamily Sale In Revere, MA
SOLDMultiFamily

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

Matthew Bernard

Keller Williams Realty

Broker

$2.9M

vol

1 deal

Broker

Revere MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $455 per square foot on a published $2.9M for 6,300 square feet (2022).

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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

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