Updated Dec 21, 2023
Daniela Velasquez Acquires Multifamily Property In Revere, MA From Leandro Contreras For $1M
5 Elmwood St, Revere, MA, USA
$1,000,000
$369/SF
Building Size
2,704 SF
Asset Type
MultiFamily
Closing
Aug 19, 2021
About this deal
AI
A multifamily property located at 5 Elmwood St in Revere, MA has been sold. The property consists of 3 units with a total square footage of 2,704. The sale took place on August 20, 2021, with a sale price of $1,000,000. This translates to a price per unit of $333,333 and a price per square foot of $370.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 3
- Price Per Unit: $333,333
- Square Footage: 2,704
- Price Per Square Foot: $370
The buyer of the property is Daniela Velasquez, while the seller is Leandro Contreras.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93