Updated Nov 9, 2026
565 Beach Street
565 Beach Street, 566 Beach Street & 39 Walnut Avenue
$8,578,200
$1,135/SF
Building Size
7,554 SF
Asset Type
MultiFamily
Closing
Oct 28, 2026
About this deal
AI
This multifamily asset, consisting of three addresses: 565 Beach Street, 566 Beach Street, and 39 Walnut Avenue, is located in Revere, MA. The property was sold for a total price of $8,578,200, comprising 36 units with a price per unit of $238,283. The total square footage of the asset is reported at 25,443, leading to a price per square foot of $1,135.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,578,200
- Units: 36
- Price Per Unit: $238,283
- Square Footage: 25,443
- Price Per Square Foot: $1,135
- Buyer: Nick Daher
- Seller: Giannandrea Verri
- Seller's Representative: Stephen Girolamo - Horvath & Tremblay
Nick Daher represented the buyer in this transaction, while Giannandrea Verri was the seller. The transaction was facilitated by Stephen Girolamo, who represented the seller, ensuring that the deal reflected the interests of both parties involved.
On the Map
$8,578,200
$1,135/SF
MultiFamily
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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
1.85%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93