Updated Dec 4, 2024
Patricia Cappiello & Patricia Ferreira Facilitate $1.078M Sale Of Multifamily Property In Revere, MA
454 Park Avenue
$1,078,000
$359/SF
Building Size
2,999 SF
Asset Type
MultiFamily
Closing
Apr 18, 2024
About this deal
AI
The multifamily property located at 454 Park Avenue in Revere, MA, recently changed hands for $1,078,000. This three-family home features open-plan units, eat-in kitchens, and ceiling fans, making it an attractive investment opportunity in the sought-after West Revere area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,078,000
- Units: 3
- Price Per Unit: $359,333
- Square Footage: 2,999
- Price Per Square Foot: $359
- Address: 454 Park Avenue, Revere, MA
- Market: Revere, MA
Representing the buyer in this transaction was Patricia Cappiello from Turn Key Realty, while the seller was represented by Patricia Ferreira from Dell Realty Associates. The sale of 454 Park Avenue offers a glimpse into the collaborative effort between these two real estate professionals in facilitating 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
14.72%
Cash-on-Cash
-4.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93