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Peter Giannikopoulos Of Coldwell Banker Facilitates $1.36M Sale In Medford, MA

Property Image
SOLD
$1,360,000
NS
Peter Giannikopoulos

Massachusetts

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MultiFamily2,863 SF
Sold 06/03/2024
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Property Image
SOLD

Peter Giannikopoulos Of Coldwell Banker Facilitates $1.36M Sale In Medford, MA

45 Princeton Street

See Similar Deals
MultiFamily2,863 SF
Sold 06/03/2024
NS
Peter Giannikopoulos
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$475
Total Square Footage:2,863 SF
Transaction Type:Sale

Located at 45 Princeton Street in Medford, MA, the multifamily asset was recently sold for $1,360,000. Spanning 2,863 square feet, the property was purchased at a price per square foot of $475.

Summary of transation details:

The transaction was facilitated by Peter Giannikopoulos from Coldwell Banker representing the buyer and Ning Sun from United Real Estate representing the seller. Both parties played a crucial role in ensuring the successful completion of the deal.

Players

NS
United Real Estate
Ning Sun
3 deals$6.3M volume
BROKER
Peter Giannikopoulos
Coldwell Banker
Peter Giannikopoulos
1 deal$1.4M volume(617) 579-8564
BROKER

Details

SOLD
IMAGE: Peter Giannikopoulos DATE: 06/03/2024 ADDRESS: 45 Princeton Street MARKET: Medford, MA ASSET TYPE: Multifamily BUYER'S REP: Peter Giannikopoulos (@PeterGiannikopoulos) - Coldwell Banker (@ColdwellBanker) SELLER'S REP: Ning Sun - United Real Estate SALE PRICE: $1,360,000 SF: 2,863 ~ PPSF: $475 NOTE: 45 Princeton Street in Medford, MA, a multifamily asset, was sold for $1,360,000. Represented by Peter Giannikopoulos from Coldwell Banker, the transaction was facilitated with Ning Sun from United Real Estate as the seller's representative.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$72,533.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,831.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,447.09
Annual Debt Service$77,365.13