Updated Sep 9, 2024
Longwood Residential Acquires Revere Multifamily Property For $1.25M
43 Sumner Street, Revere, Massachusetts 02151, United States
$1,250,000
$288/SF
Building Size
4,328 SF
Asset Type
MultiFamily
Closing
Jan 17, 2022
About this deal
AI
A multifamily property located at 43 Sumner St in Revere, MA was recently sold for $1,250,000. The property spans 4,328 square feet, resulting in a price per square foot of $289.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 43 Sumner St, Revere, MA
- Market: Revere, MA
The buyer was represented by Ron Ifrah from Longwood Residential, Llc, while Madelyn Garcia from Madelyn Garcia Real Estate served as the seller's representative.
The multifamily sale at 43 Sumner Street, Revere, Massachusetts 02151, United States in Revere, Massachusetts sold for $1.3M in 2022. The building is 4,328 square feet, implying about 288 per square foot on the published price. Madelyn Garcia, Ron Ifrah, Madelyn Garcia Real Estate, Longwood Residential appear on the sale alongside Madelyn Garcia Real Estate, Longwood Residential. This page is the Revere, Massachusetts file for the 43 Sumner Street, Revere, Massachusetts 02151, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Revere sit in the Market section below. Filter that Revere multifamily set by closing date to see what else sold near 43 Sumner Street, Revere, Massachusetts 02151, United States around 2022. Published consideration for 43 Sumner Street, Revere, Massachusetts 02151, United States is $1.3M, dated 2022. Cite this Longwood Residential Acquires Revere Multifamily Property For $1.25M sale when underwriting similar multifamily product around Revere, Massachusetts.
Players
Revere MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $288 per square foot on a published $1.3M for 4,328 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93