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
- Property Type: Multifamily
- Transaction Amount: $1,255,000
- Address: 581 Proctor Avenue & 233 Washington Avenue, Revere, MA
- Market: Revere, MA
- Buyer's Representative: Annemarie Torcivia - Trinity Real Estate
- Seller's Representative: Vincent Cavarretta - Vin Cav Realty
- Total Square Footage: 6,457
- Price per Square Foot: $194
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
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