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78 Park Ave, Revere, MA, USA

Fan Wu Acquires 7-Unit Multifamily In Revere, MA For $1.35M
SOLDMultiFamily

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

Fan Wu

Buyer

$6.6M

vol

3 deals

Buyer

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