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Anthony Castellano & Marjorie Kern Close $1.01M Multifamily Sale In Medford, MA
SOLD
Massachusetts
See Similar DealsMultiFamily2,240 SF
Sold 04/03/2024
SOLD
Anthony Castellano & Marjorie Kern Close $1.01M Multifamily Sale In Medford, MA
20 Arlington Street
See Similar DealsMultiFamily2,240 SF
Sold 04/03/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$450
Total Square Footage:2,240 SF
Transaction Type:Sale
A multifamily property at 20 Arlington Street in Medford, Massachusetts, has been sold for $1,010,000. The property spans 2,240 square feet with a price per square foot of $451.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,010,000
- Address: 20 Arlington Street
- Market: Medford, MA
- Buyer's Rep: Anthony Castellano - Lamacchia Realty
- Seller's Rep: Marjorie Kern - Gibson Sotheby's International Realty
Anthony Castellano of Lamacchia Realty represented the buyer in the transaction, while Marjorie Kern from Gibson Sotheby's International Realty represented the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,588.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,787.92
Annual Debt Service$57,454.98
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