Updated Dec 21, 2023
Berkshire Hathaway HomeServices Acquires Medford Multifamily For $2M
10 Gorham Road, Medford, MA 02155, USA
$2,000,000
$521/SF
Building Size
3,834 SF
Asset Type
MultiFamily
Closing
Jul 1, 2020
About this deal
AI
Situated at 10 Gorham Rd in Medford, MA, this multifamily property was recently sold for $2,000,000. Spanning across 3,834 square feet, this property offers ample space for its residents. With a price per square foot of $522, this transaction highlights the value of the asset. The sale took place on 07/01/2021. Dana Diamond from Leading Edge Real Estate represented the seller, while the buyer was represented by the Vantage Point Team from Berkshire Hathaway HomeServices Commonwealth Real Estate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 10 Gorham Rd, Medford, MA
- Square Footage: 3,834
- Price per Square Foot: $522
- Date: 07/01/2021
Dana Diamond from Leading Edge Real Estate played a key role as the seller's representative in this transaction, leveraging their expertise to facilitate the deal. On the other side, the Vantage Point Team from Berkshire Hathaway HomeServices Commonwealth Real Estate served as the buyer's representative, ensuring a smooth and successful transaction for their client.
Players
Medford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Dana Diamond to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93