JL&CoRE Acquires Multifamily Property On Winthrop St, Medford For $1.65M
SOLD
Massachusetts
See Similar DealsMultiFamily4,079 SF
Sold 01/14/2022
SOLD
JL&CoRE Acquires Multifamily Property On Winthrop St, Medford For $1.65M
206 Winthrop St, Medford, Massachusetts 02155, United States
See Similar DealsMultiFamily4,079 SF
Sold 01/14/2022
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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