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72 Thornton Street

Updated Dec 4, 2024

Xiao Huang Acquires Multifamily Property At 72 Thornton Street In Revere For $1.74M
SOLDMultiFamily

Xiao Huang Acquires Multifamily Property At 72 Thornton Street In Revere For $1.74M

72 Thornton Street

$1,740,000

$279/SF

Building Size

6,237 SF

Asset Type

MultiFamily

Closing

Sep 23, 2024

About this deal

AI

The property asset involved in the transaction is a multifamily building located at 72 Thornton Street in Revere, MA. The sale was completed for a total amount of $1,740,000. The building consists of 6 units and encompasses a total square footage of 6,237. The price per unit was $290,000, while the price per square foot was $278.

Summary of transaction details:

Key individuals involved in this deal include the buyer, Xiao Huang, and the seller, Alex Westra. The buyer was represented by May Mai from Zhensight Realty, while the seller was represented by Stephen Girolamo and Dennis Kelleher from Horvath & Tremblay, indicating the collaboration of multiple professionals in the multifamily real estate market.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$570.4M

vol

98 deals

Broker

Revere MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $279 per square foot on a published $1.7M for 6,237 square feet (2024).

Visit Stephen Girolamo to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.12%

Cash-on-Cash

-2.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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