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220 Broadway

Nicholas Daher Of Broad Sound Real Estate Acquires Multifamily Property In Revere For $2.045M
SOLDMultiFamily

Nicholas Daher Of Broad Sound Real Estate Acquires Multifamily Property In Revere For $2.045M

220 Broadway

$2,045,000

$152/SF

Building Size

13,455 SF

Asset Type

MultiFamily

Closing

Jul 29, 2024

AI

The transaction involves a multifamily asset located at 220 Broadway in Revere, MA. The property consists of 10 units, spanning a total area of 13,455 square feet. It was sold for $2,045,000, resulting in a price per unit of $204,500 and a price per square foot of $151.

Summary of transaction details:

This transaction features Nicholas Daher acting as both the buyer and the buyer's representative, indicating a direct involvement in the process. Frank Imbrescia is identified as the seller in this deal. A notable remark from the broker highlighted is, "No risk it, no biscuit."

Players

Nicholas Daher

Broad Sound Real Estate

Broker

$41.6M

vol

13 deals

Broker

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

7.76%

Cash-on-Cash

-2.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93