Updated Dec 21, 2023
Lawrence O'Connor Of Sterling Beacon Hill Represents Buyer In $1.2M Medford, MA Multifamily Sale
6 College Avenue, Medford, Massachusetts 02155, United States
$1,195,000
$417/SF
Building Size
2,866 SF
Asset Type
MultiFamily
Closing
May 30, 2022
About this deal
AI
The multifamily property located at 6 College Ave in Medford, MA was recently sold on 05/31/2022. The property spans across 2,866 square feet and was sold at a price of $1,195,000, resulting in a price per square foot of $417.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,195,000
- Square Footage: 2,866
- Address: 6 College Ave, Medford, MA
- Market: Medford, MA
The buyer in this transaction was represented by Lawrence O'Connor from Sterling Beacon Hill. On the other hand, Chapman Real Estate Group from Four Points Real Estate, LLC acted as the seller's representative.
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
13.27%
Cash-on-Cash
-3.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93