Wang Lai Represents Buyer In $1.35M Revere Multifamily Sale
485 Beach Street
$1,350,000
$340/SF
Building Size
3,966 SF
Asset Type
MultiFamily
Closing
Jun 4, 2024
AI
485 Beach Street in Revere, MA is a multifamily property that was recently sold for $1,350,000. The property consists of 3 units with a total square footage of 3,966, resulting in a price per unit of $450,000 and a price per square foot of $340.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 485 Beach Street
- Market: Revere, MA
- Units: 3
- Square Footage: 3,966
- Price Per Unit: $450,000
- Price Per Square Foot: $340
Wang Lai from Denkar Realty Group represented the buyer in the transaction, while Alena Rakavets from Buildwell Properties represented the seller. The successful deal between these two broker representatives facilitated the sale of this multifamily property in Revere, MA.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93