JL&CoRE Acquires Multifamily Property On Winthrop St, Medford For $1.65M
206 Winthrop St, Medford, Massachusetts 02155, United States
$1,650,000
$404/SF
Building Size
4,079 SF
Asset Type
MultiFamily
Closing
Jan 14, 2022
AI
An off-market multifamily property located at 204-206 Winthrop St in Medford, MA has been sold for $1,650,000. The property spans 4,079 square feet, resulting in a price per square foot of $405. The transaction took place on January 14, 2022.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Date: 01/14/2022
- Address: 204-206 Winthrop St
- Market: Medford, MA
- Size: 4,079 SF
- Price per Square Foot: $405
The buyer was represented by Jamie Vangieri from JL+CoRE, while the seller was represented by Jess Cohen Barmach from Gibson Sotheby's International Realty.
Players
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93