Gabriel Ochoa Of United Brokers Represents Buyer In $1.625M Medford Multifamily Sale
222 Fellsway West
$1,625,000
$407/SF
Building Size
3,986 SF
Asset Type
MultiFamily
Closing
Sep 17, 2024
AI
A multifamily property located at 222 Fellsway West in Medford, MA, features 10 bedrooms and 4 baths, consisting of 3 units. The property was sold for $1,625,000, with a total square footage of 3,986 and a price per square foot of $408. The average price per unit is $541,667.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,625,000
- Units: 3
- Square Footage: 3,986
- Price Per Square Foot: $408
- Price Per Unit: $541,667
- Buyer's Representative: Gabriel Ochoa - United Brokers
- Seller's Representative: Kip LeBaron - Lamacchia Realty
The transaction was facilitated by Gabriel Ochoa of United Brokers representing the buyer, while Kip LeBaron of Lamacchia Realty represented the seller. This collaboration ensured the effective execution of the sale for both parties involved.
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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93