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Invictus Real Estate Partners Acquires Revere, MA Multifamily For $84.35M

660 Ocean Avenue
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This MultiFamily property located in MA was sold for $84,350,000 over 2 years ago. The brokers of the deal were Hugh Doherty, Jackie Meagher, Scott DiSciullo, Chris Phaneuf, Adam Dunn, Scott Aiese, and Alex Staikos

Invictus Real Estate Partners has acquired a multifamily property located at 660 Ocean Ave in Revere, MA. The property was sold by Westbrook Partners in a transaction facilitated by brokers Chris Phaneuf, Adam Dunn, and Scott DiSciullo of JLL Capital Markets. The sale took place on 12/01/2021 for a total price of $84,350,000. The property consists of 194 units, resulting in a price per unit of $434,794.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $84,350,000
  • Address: 660 Ocean Ave, Revere, MA
  • Market: Revere, MA
  • Buyer: Invictus Real Estate Partners
  • Seller: Westbrook Partners
  • Brokers: Chris Phaneuf, Adam Dunn, & Scott DiSciullo - JLL Capital Markets
  • Units: 194
  • Price per Unit: $434,794

The transaction also involved mortgage brokers Scott Aiese, Alex Staikos, Jackie Meagher, and Hugh Doherty from JLL Capital Markets Debt Advisory, who facilitated a three-year, floating-rate loan in the amount of $60,900,000.

View Related

Deals
  • Location
    660 Ocean Avenue, Revere, MA 02151, USA660 Ocean Avenue, Revere, MA 02151, USA
  • Sale Price
    $84,350,000$84,350,000
    $1,173 PPSF$1,173 PPSF
  • Area
    71,874 SF71,874 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    7 Brokers, 2 Agencies7 Brokers, 2 Agencies

Agents

Scott DiSciullo

Scott DiSciullo

Deals1
Sold$84.4M

Jackie Meagher

Jackie Meagher

Deals3
Financed$131.4M

Hugh Doherty

Hugh Doherty

Deals2
Financed$190M

Chris Phaneuf

Chris Phaneuf

Deals4
Sold$150.4M

Adam Dunn

Adam Dunn

Deals4
Sold$150.4M

Alex Staikos

Alex Staikos

Deals22
Financed$3B

Scott Aiese

Scott Aiese

Deals17
Financed$1.4B

Agencies

JLL

JLL

Agency
Deals5579
Volume$332.6B

Berkadia

Berkadia

Agency
Deals1087
Volume$45.7B

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Deal Summary

SALE IMAGE: Chris Phaneuf, Adam Dunn, & Scott DiSciullo DATE: 12/01/2021 ADDRESS: 660 Ocean Ave MARKET: Revere, MA ASSET TYPE: Multifamily BUYER: Invictus Real Estate Partners SELLER: Westbrook Partners BROKERS: Chris Phaneuf, Adam Dunn, & Scott DiSciullo - JLL Capital Markets SALE PRICE: $84,350,000 UNITS: 194 ~ PPU: $434,794 MORTGAGE BROKERS: Scott Aiese, Alex Staikos, Jackie Meagher & Hugh Doherty - JLL Capital Markets Debt Advisory LOAN AMOUNT: $60,900,000 LOAN TERMS: Three-year, floating-rate loan

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660 Ocean Avenue

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