Updated Dec 4, 2024
Multifamily Property In Revere, MA Sold For $1.005M With Buyer's Rep Jean-Carell Desert & Seller's Rep Jacek Rosa
43 Elm Street & 45 Elm Street
$1,005,000
$141/SF
Building Size
3,550 SF
Asset Type
MultiFamily
Closing
Oct 10, 2023
About this deal
AI
A multifamily property located at 43-45 Elm Street in Revere, MA was recently sold for $1,005,000. The property spans approximately 3,550 square feet, resulting in a price per square foot of $283.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,005,000
- Address: 43-45 Elm Street, Revere, MA
- Market: Revere, MA
The buyer in this transaction was represented by Jean-Carell Desert of Keller Williams Elite, while the seller was represented by Jacek Rosa of Prime Realty Advisors.
This sale exemplifies the successful collaboration between real estate professionals Jean-Carell Desert and Jacek Rosa. Their expertise and negotiation skills facilitated the smooth completion of the transaction, enabling the buyer to acquire the multifamily property at 43-45 Elm Street in Revere, MA.
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
15.78%
Cash-on-Cash
-4.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93