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85 Lucia Avenue

Lucien Nere Of Pena Realty Corporation Represents Buyer In $1.07M Revere Multifamily Sale
SOLDMultiFamily

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:

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

Janet Howcroft

Five Star Realty Group

Broker

$1.1M

vol

1 deal

Broker

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

14.83%

Cash-on-Cash

-4.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93