Nicholas Daher Of Broad Sound Real Estate Purchases Multifamily Property In Revere For $1.375M
896 Broadway
$1,375,000
$281/SF
Building Size
4,885 SF
Asset Type
MultiFamily
Closing
Feb 24, 2025
AI
The asset involved in this transaction is a multifamily property located at 896 Broadway in Revere, MA. It was sold for $1,375,000 and encompasses a total of 4,885 square feet. The property consists of 6 units, resulting in a price per unit of $229,166 and a price per square foot of $281.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Units: 6
- Square Footage: 4,885
- Price Per Unit: $229,166
- Price Per Square Foot: $281
- Buyer: Nicholas Daher
- Seller: Thomas Hillson
- Buyer's Representative: Nicholas Daher - Broad Sound Real Estate
- Seller's Representative: Matt Schuster - 360 Realty
In this transaction, Nicholas Daher represented himself as the buyer through Broad Sound Real Estate, while Matt Schuster from 360 Realty represented the seller, Thomas Hillson. This collaboration highlights the involvement of these key individuals and their respective agencies in facilitating the deal.
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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93