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168 Winthrop Avenue

Canaan Hourani Acquires Multifamily Property In Revere, MA For $1.2M
SOLDMultiFamily

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

Nicholas Daher

Broad Sound Real Estate

Broker

$41.6M

vol

13 deals

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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93