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10 Gorham Road, Medford, MA...

Updated Dec 21, 2023

Berkshire Hathaway HomeServices Acquires Medford Multifamily For $2M
SOLDMultiFamily

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

Dana Diamond

Broker

$2M

vol

1 deal

Broker

Medford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $521 per square foot on a published $2M for 3,834 square feet (2020).

Visit Dana Diamond to view all their deals.

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

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