Medford Multifamily Sells For $1.02M With Brokers Mike Cohen - Compass & Yana Ben Moshe - Charlesgate Realty Group
7 Bowdoin Street
$1,020,000
$361/SF
Building Size
2,825 SF
Asset Type
MultiFamily
Closing
Aug 31, 2022
AI
Located in Medford, the multifamily property at 7 Bowdoin Street recently changed hands in a sale transaction. The deal was facilitated by Mike Cohen from Compass and Yana Ben Moshe from Charlesgate Realty Group.
Summary of Transaction Details:
- Property Type: Multifamily
- Sale Price: $1,020,000
- Number of Units: 2
- Price per Unit: $510,000
- Square Footage: 2,825
- Price per Square Foot: $361
The transaction, which concluded on 09/01/2022, involved a property consisting of 2 units with a total area of 2,825 square feet. The sale price amounted to $1,020,000, resulting in a price per unit of $510,000. The price per square foot was calculated to be $361.
Leading the negotiation process were Mike Cohen from Compass and Yana Ben Moshe from Charlesgate Realty Group. Their expertise and representation played a pivotal role in finalizing the deal.
Players
Medford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.55%
Cash-on-Cash
-4.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93