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14 Edward Street, Medford, ...

Updated Dec 20, 2023

Berkshire Hathaway HomeServices Acquires Medford Multifamily For $1.006M
SOLDMultiFamily

Berkshire Hathaway HomeServices Acquires Medford Multifamily For $1.006M

14 Edward Street, Medford, Massachusetts 02155, United States

$1,006,500

$371/SF

Building Size

2,709 SF

Asset Type

MultiFamily

Closing

Nov 9, 2021

About this deal

AI

Located at 14 Edward St in Medford, MA, this multifamily property was recently sold in a closed transaction. The sale took place on 11/10/2021, and the buyer's representative was David Bottari from Berkshire Hathaway HomeServices Commonwealth Real Estate, while the seller's representative was the Treetop Group from Keller Williams Realty. The property spans 2,709 square feet and was sold for a price of $1,006,500, resulting in a price per square foot of $372.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,006,500
  • Address: 14 Edward St
  • Market: Medford, MA
  • Buyer's Representative: David Bottari - Berkshire Hathaway HomeServices Commonwealth Real Estate
  • Seller's Representative: Treetop Group - Keller Williams Realty

The transaction involved key individuals and companies who facilitated the deal. David Bottari from Berkshire Hathaway HomeServices Commonwealth Real Estate represented the buyer, while the Treetop Group from Keller Williams Realty represented the seller. With its desirable location and a selling price of $1,006,500, this multifamily property presents a significant investment opportunity in the Medford, MA market.

Players

David Bottari

Berkshire Hathaway HomeServices

Broker

$1M

vol

1 deal

Broker

Medford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $371 per square foot on a published $1M for 2,709 square feet (2021).

Visit Berkshire Hathaway HomeServices to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.76%

Cash-on-Cash

-4.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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