Canaan Hourani Acquires Multifamily Property In Revere, MA For $1.2M
168 Winthrop Avenue
$1,200,000
$274/SF
Building Size
4,376 SF
Asset Type
MultiFamily
Closing
Jun 10, 2024
AI
Located at 168 Winthrop Avenue in Revere, MA, the multifamily property was sold for $1,200,000. The property consists of 3 units with a total area of 4,376 square feet, amounting to a price per unit of $400,000 and a price per square foot of $274.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 3
- Price per Unit: $400,000
- Square Footage: 4,376
- Price per Square Foot: $274
- Address: 168 Winthrop Avenue, Revere, MA
The buyer of the property is Canaan Hourani, while the sellers are Anastas Pano and Anisa Saliaj. Nicholas Daher from Broad Sound Real Estate represented the buyer in the transaction, and Stephen Girolamo from Horvath & Tremblay represented the sellers.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93