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581 Proctor Avenue

Trinity Real Estate Acquires Multifamily Properties In Revere, MA For $1,255,000
SOLDMultiFamily

Trinity Real Estate Acquires Multifamily Properties In Revere, MA For $1,255,000

581 Proctor Avenue & 233 Washington Avenue

$1,255,000

$97/SF

Building Size

12,914 SF

Asset Type

MultiFamily

Closing

Nov 17, 2023

AI

Trinity Real Estate, represented by Annemarie Torcivia, acquired two multifamily assets in Revere, MA. The properties, located at 581 Proctor Avenue and 233 Washington Avenue, were purchased for a total sale price of $1,255,000. The total square footage of the assets is 6,457, resulting in a price per square foot of $194.

Summary of transaction details

The acquisition of these multifamily assets by Trinity Real Estate marks an important transaction in Revere, MA. Annemarie Torcivia, as the buyer's representative, showcased her expertise and successfully closed the deal. Vincent Cavarretta, acting as the seller's representative for Vin Cav Realty, also played a crucial role in the transaction.

Players

Annemarie Torcivia

Trinity Real Estate

Broker

$2.5M

vol

2 deals

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

12.64%

Cash-on-Cash

-3.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93