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1053 Revere Avenue

Mashud Ahmed Acquires MultiFamily Property In New York City For $860,000
SOLDMultiFamily

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

Malcolm Louis Adams

Compass

Broker

$27.9M

vol

15 deals

Broker

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