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13 Carney Street

Julian Addy & Lara Gordon Caralis Broker East Medford Multifamily Sale At $1.085M
SOLDMultiFamily

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:

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

Julian Addy

William Raveis Real Estate

Broker

$19.7M

vol

22 deals

Broker

Medford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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