Fan Wu Acquires 7-Unit Multifamily In Revere, MA For $1.35M
78 Park Ave, Revere, MA, USA
$1,350,000
$260/SF
Building Size
5,178 SF
Asset Type
MultiFamily
Closing
Jul 18, 2021
AI
The multifamily property located at 78 Park Ave in Revere, MA has been sold. The transaction took place on July 19, 2021, with a sale price of $1,350,000. The property spans an area of 5,178 square feet, resulting in a price per square foot of $261. It consists of 7 units, with an average price per unit of $192,857.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 78 Park Ave, Revere, MA
- Market: Revere, MA
- Square Footage: 5,178
- Price per Square Foot: $261
- Number of Units: 7
- Price per Unit: $192,857
The seller of the property was Francis L. Giardullo, while the buyer was Fan Wu.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93