Carlson Wang & Pudsadee Leelahasilp Acquire Revere Multifamily For $1.18M
SOLD
$1,184,000
Massachusetts
See Similar DealsMultiFamily4,134 SF
Sold 05/30/2024
SOLD
Carlson Wang & Pudsadee Leelahasilp Acquire Revere Multifamily For $1.18M
46 Winthrop Avenue
See Similar DealsMultiFamily4,134 SF
Sold 05/30/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$286
Total Square Footage:4,134 SF
Transaction Type:Sale
The multifamily property located at 46 Winthrop Avenue in Revere, MA, was sold for $1,184,000. This property consists of 3 units with a total square footage of 4,134, resulting in a price per unit of $394,667 and a price per square foot of $286.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,184,000
- Buyer: Carlson Wang & Pudsadee Leelahasilp
- Seller: Anastas Pano & Anisa Saliaj
- Buyer's Rep: Nicholas Daher - Broad Sound Real Estate
- Seller's Rep: Stephen Girolamo - Horvath & Tremblay
Nicholas Daher from Broad Sound Real Estate represented the buyers, Carlson Wang and Pudsadee Leelahasilp, in this transaction. On the other hand, Stephen Girolamo from Horvath & Tremblay served as the seller's representative, assisting Anastas Pano and Anisa Saliaj in the sale of the multifamily property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$63,146.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,206.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,612.76
Annual Debt Service$67,353.17
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