Updated Dec 19, 2023
Anderson Group Realty Acquires Multifamily Property In Medford, MA For $1.02M
33-35 Farragut Avenue, Medford, MA, USA
$1,021,000
$312/SF
Building Size
3,268 SF
Asset Type
MultiFamily
Closing
Oct 13, 2021
About this deal
AI
The multifamily property located at 33-35 Farragut Ave in Medford, MA has been sold for a total price of $1,021,000. The property offers 3,268 square feet of space, resulting in a price per square foot of $312.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,021,000
- Address: 33-35 Farragut Ave, Medford, MA
- Market: Medford, MA
- Buyer's Representative: Andersen Group Realty - Keller Williams Realty Boston Northwest
- Seller's Representative: Bonnie Lai - RE/MAX Unlimited
- Square Footage: 3,268
- Price per Square Foot: $312
The buyer was represented by Andersen Group Realty from Keller Williams Realty Boston Northwest, while the seller was represented by Bonnie Lai from RE/MAX Unlimited.
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
15.54%
Cash-on-Cash
-4.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93