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
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