Julian Addy & Lara Gordon Caralis Broker East Medford Multifamily Sale At $1.085M
13 Carney Street & 15 Carney Street
$1,085,000
$147/SF
Building Size
7,378 SF
Asset Type
MultiFamily
Closing
Jun 25, 2024
AI
A spacious two-family home at 13-15 Carney Street in East Medford, MA, sold for $1,085,000, offering a prime opportunity for investors or multi-generational living. The property consists of 2 units with a total square footage of 3,689, resulting in a price per unit of $542,500, and a price per square foot of $294.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,085,000
- Address: 13-15 Carney Street
- Market: Medford, MA
- Buyer's Rep: Julian Addy - Boston Trust Realty Group
- Seller's Rep: Lara Gordon Caralis - Gibson Sotheby's International Realty
The deal was facilitated by Julian Addy from Boston Trust Realty Group, representing the buyer, and Lara Gordon Caralis from Gibson Sotheby's International Realty, representing the seller. Both parties played essential roles in successfully closing the transaction.
Players
Medford 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
14.62%
Cash-on-Cash
-4.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93