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87 Forest Street

Paul Scribner Acquires 3-Unit Multifamily In Medford For $1.625M
SOLDMultiFamily

Paul Scribner Acquires 3-Unit Multifamily In Medford For $1.625M

87 Forest Street

$1,625,000

$331/SF

Building Size

4,900 SF

Asset Type

MultiFamily

Closing

May 21, 2024

AI

The multifamily property located at 87 Forest Street in Medford, MA, was sold for $1,625,000. The property features 3 units, with a total square footage of 4,900 and a price per unit of $541,667. The price per square foot for this transaction was $332.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,625,000
  • Units: 3
  • Square Footage: 4,900
  • Price Per Unit: $541,667
  • Price Per Square Foot: $332
  • Address: 87 Forest Street, Medford, MA

Paul Scribner purchased the property from Nicole Matarrazo. The transaction was facilitated by Stephen Dixon from Cameron Real Estate Group.

Players

Stephen Dixon

Cameron Real Estate Group

Broker

$2.7M

vol

2 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

9.76%

Cash-on-Cash

-2.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93