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Nicholas Daher Of Broad Sound Real Estate Purchases Multifamily Property In Revere For $1.375M

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SOLD
$1,375,000

Massachusetts

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MultiFamily4,885 SF
Sold 02/24/2025
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Property Image
SOLD

Nicholas Daher Of Broad Sound Real Estate Purchases Multifamily Property In Revere For $1.375M

896 Broadway

See Similar Deals
MultiFamily4,885 SF
Sold 02/24/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$281
Total Square Footage:4,885 SF
Transaction Type:Sale

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

1 deal$1.4M volume(617) 294-9178
BROKER

Details

SOLD
IMAGE: Nicholas Daher DATE: 02/24/2025 ADDRESS: 896 Broadway MARKET: Revere, MA ASSET TYPE: Multifamily BUYER: Nicholas Daher SELLER: Thomas Hillson BUYER'S REP: Nicholas Daher (@Nick_Daher_) - Broad Sound Real Estate (@BroadSoundRealEstate) SELLER'S REP: Matt Schuster - 360 Realty SALE PRICE: $1,375,000 UNITS: 6 ~ PPU: $229,166 SF: 4,885 ~ PPSF: $281

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$73,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,518.20
Annual Debt Service$78,218.42