Lucien Nere Of Pena Realty Corporation Represents Buyer In $1.07M Revere Multifamily Sale
85 Lucia Avenue
$1,070,000
$300/SF
Building Size
3,566 SF
Asset Type
MultiFamily
Closing
Aug 23, 2024
AI
A two-family home located at 85 Lucia Avenue, Revere, MA, has been sold for $1,070,000. The property encompasses a total of 3,566 square feet and features 6 bedrooms and 3 bathrooms. The price per unit is $535,000 and the price per square foot is $300.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,070,000
- Units: 2
- Square Footage: 3,566
- Price Per Unit: $535,000
- Price Per Square Foot: $300
- Buyer's Representative: Lucien Nere - Pena Realty Corporation
- Seller's Representative: Janet Howcroft - Five Star Realty Group
The transaction involved Lucien Nere representing the buyer through Pena Realty Corporation and Janet Howcroft representing the seller via Five Star Realty Group. Both representatives played key roles in facilitating this real estate deal.
Players
Revere MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.83%
Cash-on-Cash
-4.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93