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
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.
Players
Revere MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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