Steven Cohen Team Acquires Multifamily Property In Medford, MA For $1.135M
SOLD
$1,135,000
Massachusetts
See Similar DealsMultiFamily2,747 SF
Sold 11/22/2021
SOLD
Steven Cohen Team Acquires Multifamily Property In Medford, MA For $1.135M
168 Harvard Street, Medford, MA, USA
See Similar DealsMultiFamily2,747 SF
Sold 11/22/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$413
Total Square Footage:2,747 SF
Transaction Type:Sale
The multifamily property located at 168-170 Harvard St in Medford, MA has been sold. The sale was facilitated by the buyer's representative, Steven Cohen Team from Keller Williams Realty Boston-Metro | Back Bay, and the seller's representative, The iBremis Team from LAER Realty Partners / iBremis Realty. The transaction took place on November 22, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,135,000
- Square Footage: 2,747
- Price per Square Foot: $413
- Address: 168-170 Harvard St, Medford, MA
- Market: Medford, MA
Steven Cohen Team from Keller Williams Realty Boston-Metro | Back Bay represented the buyer in the sale, while The iBremis Team from LAER Realty Partners / iBremis Realty represented the seller. The property offers a total of 2,747 square feet of space and was sold at a price of $1,135,000, resulting in a price per square foot of $413.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,032.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,380.48
Annual Debt Service$64,565.75
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