Updated Dec 19, 2023
Stephen Girolamo Of Horvath & Tremblay Acquires Multifamily Property In Revere, MA For $2.33M
565 Beach Street, Revere, Massachusetts 02151, United States
$2,330,000
$308/SF
Building Size
7,554 SF
Asset Type
MultiFamily
Closing
Mar 29, 2022
About this deal
AI
The multifamily property located at 565 Beach St in Revere, MA has been sold for $2,330,000. The property features a total square footage of 7,554, resulting in a price per square foot of $308. The transaction took place on March 30, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,330,000
- Address: 565 Beach St, Revere, MA
- Market: Revere, MA
The buyer in this transaction was represented by Stephen Girolamo from Horvath & Tremblay, while Nicholas Zolatas from Herricklutts Realty Partners acted as the seller's representative.
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
6.81%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93