Updated Dec 4, 2024
Nuage Real Estate Group Acquires Medford Multifamily Property For $1.25M
$1,250,000
$429/SF
Building Size
2,913 SF
Asset Type
MultiFamily
Closing
Nov 13, 2023
About this deal
AI
Nuage Real Estate Group, represented by buyer's representative Christie Xie, has acquired a multifamily property at 201 Riverside Avenue in Medford, MA. The property spans 2,913 square feet and was sold at a price of $1.25 million, resulting in a price per square foot of $429.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 201 Riverside Avenue, Medford, MA
- Market: Medford, MA
- Buyer's Rep: Christie Xie - Nuage Real Estate Group
- Seller's Rep: Cheng Zhang - Thread Real Estate
The multifamily property located at 201 Riverside Avenue in Medford, MA, was sold to Nuage Real Estate Group. The transaction was facilitated by buyer's representative Christie Xie from Nuage Real Estate Group and seller's representative Cheng Zhang from Thread Real Estate.
Players
Market 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93