Updated Dec 21, 2023
Donnelly Group Acquires Multifamily Property On Fellsway In Medford, MA For $1.1M
721 Fellsway, Medford, Massachusetts 02155, United States
$1,095,500
$344/SF
Building Size
3,179 SF
Asset Type
MultiFamily
Closing
Mar 22, 2022
About this deal
AI
The multifamily property located at 719-721 Fellsway in Medford, MA has been sold for a total price of $1,095,500. The property spans a total area of 3,179 square feet. The buyer's representative in this transaction was The Donnelly Group from Century 21 North East, while the seller's representative was Brian Hrono from Coldwell Banker Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,095,500
- Address: 719-721 Fellsway, Medford, MA
- Market: Medford, MA
The Donnelly Group, associated with Century 21 North East, represented the buyer in this sale, while Brian Hrono, affiliated with Coldwell Banker Realty, represented the seller. The transaction marks another successful deal facilitated by experienced professionals in the real estate industry.
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
14.48%
Cash-on-Cash
-4.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93