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Medford Multifamily Sells For $1.02M With Brokers Mike Cohen - Compass & Yana Ben Moshe - Charlesgate Realty Group

Property Image
SOLD
$1,020,000

Massachusetts

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MultiFamily2,825 SF
Sold 08/31/2022
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Property Image
SOLD

Medford Multifamily Sells For $1.02M With Brokers Mike Cohen - Compass & Yana Ben Moshe - Charlesgate Realty Group

7 Bowdoin Street

See Similar Deals
MultiFamily2,825 SF
Sold 08/31/2022
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$361
Total Square Footage:2,825 SF
Transaction Type:Sale

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

Mike Cohen
12 deals$128.1M volume
BROKER

Yana Ben Moshe
Charlesgate Realty Group
1 deal$1M volume
BROKER

Details

SOLD
IMAGE: Mike Cohen & Yana Ben Moshe DATE: 09/01/2022 ADDRESS: 7 Bowdoin Street MARKET: Medford ASSET TYPE: Multifamily BROKERS: Mike Cohen (@TheMikeCohen) - Compass (@Compass) & Yana Ben Moshe (@YanaBenMoshe) - Charlesgate Realty Group (@CharlesgateRealtyGroup) SALE PRICE: $1,020,000 UNITS: 2 ~ PPU: $510,000 SF: 2,825 ~ PPSF: $361

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,623.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,835.32
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