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JL&CoRE Acquires Multifamily Property On Winthrop St, Medford For $1.65M

Property Image
SOLD
$1,650,000

Massachusetts

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MultiFamily4,079 SF
Sold 01/14/2022
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Property Image
SOLD

JL&CoRE Acquires Multifamily Property On Winthrop St, Medford For $1.65M

206 Winthrop St, Medford, Massachusetts 02155, United States

See Similar Deals
MultiFamily4,079 SF
Sold 01/14/2022
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$404
Total Square Footage:4,079 SF
Transaction Type:Sale

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

Jessica Cohen Barmach
2 deals$2.9M volume
BROKER

Jamie Vangieri
1 deal$1.7M volume
BROKER

Details

SOLD
IMAGE: Jess Cohen Barmach DATE: 01/14/2022 ADDRESS: 204-206 Winthrop St MARKET: Medford, MA ASSET TYPE: Multifamily BUYER'S REP: Jamie Vangieri - JL+CoRE SELLER'S REP: Jess Cohen Barmach - Gibson Sotheby's International Realty SALE PRICE: $1,650,000 SF: 4,079 ~ PPSF: $405

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$5,862.09
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