Updated Dec 19, 2023
David J. Forlizzi Acquires Office Building In Revere, MA For $1.5M
1608 N Shore Rd, Revere, Massachusetts, USA
$1,500,000
$428/SF
Building Size
3,504 SF
Asset Type
Office
Closing
May 3, 2020
About this deal
AI
Located at 1608 N Shore Rd in Revere, MA, this office property was recently sold in a transaction on 05/03/2021. The property spans a total of 3,504 square feet and is characterized by its prime location in the Revere market.
Summary of Transaction Details:
- Property Type: Office
- Sale Price: $1,500,000
- Price per Square Foot: $428
- Number of Units: 2
- Price per Unit: $750,000
- Seller: Charles Lightbody
- Buyer: David J. Forlizzi
In this transaction, David J. Forlizzi, represented by his real estate agency, purchased the property from Charles Lightbody. The deal showcases the expertise and negotiation skills of both parties' representatives in closing a successful transaction.
Players
Revere Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93