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485 Beach Street

Wang Lai Represents Buyer In $1.35M Revere Multifamily Sale
SOLDMultiFamily

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

Alena Rakavets

Buildwell Properties

Broker

$1.4M

vol

1 deal

Broker

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