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222 Fellsway West

Gabriel Ochoa Of United Brokers Represents Buyer In $1.625M Medford Multifamily Sale
SOLDMultiFamily

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:

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

Gabriel Ochoa

United Brokers

Broker

$6M

vol

4 deals

Broker

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