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896 Broadway

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

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

Matt Schuster

360 Realty

Broker

$1.4M

vol

1 deal

Broker
Nicholas Daher

Nicholas Daher

Broad Sound Real Estate

Buyer

$41.6M

vol

13 deals

Buyer

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

11.54%

Cash-on-Cash

-3.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93