Mashud Ahmed Acquires MultiFamily Property In New York City For $860,000
1053 Revere Avenue
$860,000
$372/SF
Building Size
2,310 SF
Asset Type
MultiFamily
Closing
Sep 11, 2023
AI
A multifamily property located at 1053 Revere Avenue in New York City has recently been sold for a price of $860,000. The property consists of 3 units with a total square footage of 2,310. The price per unit (PPU) is calculated at $286,667, while the price per square foot (PPSF) is $372.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $860,000
- Units: 3
- PPU: $286,667
- SF: 2,310
- PPSF: $372
- Address: 1053 Revere Avenue
- Market: New York City
Mashud Ahmed has acquired the property at 1053 Revere Avenue from Armindo Rivera. Shahriar Alom of Bouklis Group Real Estate represented the buyer, while Malcolm Louis Adams and Michael G'Sell of Compass represented the seller in the transaction.
Players
Market 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
18.45%
Cash-on-Cash
-5.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93