Updated Dec 19, 2023
Jean-Marc Dumay Of Boston Trust Realty Group Acquires Multifamily Property In Medford, MA For $830,000
609-611 Fellsway, Medford, Massachusetts, USA
$830,000
$264/SF
Building Size
3,144 SF
Asset Type
MultiFamily
Closing
May 18, 2020
About this deal
AI
A multifamily property located at 609-611 Fellsway in Medford, MA has been sold for $830,000. The property spans 3,144 square feet, resulting in a price per square foot of $264. The sale took place on May 18, 2021, and the transaction was facilitated by broker Jean-Marc Dumay from Boston Trust Realty Group, alongside MIG Realty.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $830,000
- Address: 609-611 Fellsway, Medford, MA
- Market: Medford, MA
Broker Jean-Marc Dumay from Marcoroi - Boston Trust Realty Group, in collaboration with MIG Realty, played a key role in the transaction of this multifamily property in Medford, MA. Their expertise and negotiation skills ensured the successful sale of the property.
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
19.11%
Cash-on-Cash
-5.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93