Updated Dec 20, 2023
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.
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
15.76%
Cash-on-Cash
-4.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93