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7 Bowdoin Street

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

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

Mike Cohen

Compass

Broker

$128.1M

vol

12 deals

Broker

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

15.55%

Cash-on-Cash

-4.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93