Updated Sep 9, 2024
Horvath & Tremblay Brokers Sell Multifamily Property On Dolphin Ave In Revere, MA For $1.65M
38 Dolphin Avenue
$1,650,000
$289/SF
Building Size
5,700 SF
Asset Type
MultiFamily
Closing
Aug 1, 2022
About this deal
AI
The multifamily property located at 38 Dolphin Ave in Revere, MA has been sold for a price of $1,650,000. This property consists of 6 units, with each unit having an average price per unit of $275,000. The total square footage of the property is 5,700, resulting in a price per square foot of $289.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 38 Dolphin Ave, Revere, MA
- Market: Revere, MA
- Units: 6
- Price Per Unit: $275,000
- Total Square Footage: 5,700
- Price Per Square Foot: $289
The sale of this multifamily property was facilitated by Stephen Girolamo and Dennis Kelleher from Horvath & Tremblay. They acted as the brokers in this transaction, representing the parties 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93