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Fareena Luckie Purchases MultiFamily In Wakefield For $1.5M From Moose Mohamed With Sachin Surujpaul & Kevin Jugmohan As Seller's Representatives
SOLDMultiFamily

Fareena Luckie Purchases MultiFamily In Wakefield For $1.5M From Moose Mohamed With Sachin Surujpaul & Kevin Jugmohan As Seller's Representatives

$1,500,000

$428/SF

Building Size

3,500 SF

Asset Type

MultiFamily

Closing

May 14, 2026

AI

This transaction involved a MultiFamily asset located in Wakefield. The sale price was set at $1,500,000 for a property consisting of 3 units with a price per unit of $500,000. The total square footage for the asset is 3,500, resulting in a price per square foot of $428.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,500,000
  • Units: 3
  • Price Per Unit: $500,000
  • Square Footage: 3,500
  • Price Per Square Foot: $428
  • Buyer: Fareena Luckie
  • Seller: Moose Mohamed
  • Seller's Representative: Sachin Surujpaul & Kevin Jugmohan - JRS Realty Management

The deal involved Fareena Luckie as the buyer and Moose Mohamed as the seller, represented by Sachin Surujpaul and Kevin Jugmohan from JRS Realty Management. This collaboration highlights the roles of the brokers in facilitating this transaction within the market in Wakefield.

Players

Sachin Surujpaul
Verified Badge

Sachin Surujpaul

JRS Realty Management

Broker

$25.3M

vol

14 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93