facebook
Traded Co logo
Submit
Daily limit: 0/10

Nuage Real Estate Group Acquires Medford Multifamily Property For $1.25M

Property Image
SOLD
$1,250,000
Christie Xie
Cheng Zhang

Massachusetts

See Similar Deals
MultiFamily2,913 SF
Sold 11/13/2023
the dealplayerscompscontact
Property Image
SOLD

Nuage Real Estate Group Acquires Medford Multifamily Property For $1.25M

MultiFamily2,913 SF
Sold 11/13/2023
Christie Xie
Cheng Zhang
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Price Per Square Foot:$429
Total Square Footage:2,913 SF
Transaction Type:Sale

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

Christie Xie
Nuage Real Estate Group
Christie Xie
7 deals$9.5M volume
BROKER
Cheng Zhang
Thread Real Estate
Cheng Zhang
1 deal$1.3M volume(646) 318-6679
BROKER

Details

SOLD
IMAGE: Christie Xie & Cheng Zhang DATE: 11/13/2023 ADDRESS: 201 Riverside Avenue MARKET: Medford, MA ASSET TYPE: Multifamily BUYER'S REP: Christie Xie (@KeepingUpwithXtie) - Nuage Real Estate Group (@NuageGroup) SELLER'S REP: Cheng Zhang - Thread Real Estate SALE PRICE: $1,250,000 SF: 2,913 ~ PPSF: $429 NOTE: Nuage Real Estate Group, represented by buyer's representative Christie Xie, has acquired a multifamily property at 201 Riverside Avenue in Medford, MA, at a sale price of $1.25 million.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$66,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65