Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,625,000
$331/SF
MultiFamily
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Medford MultiFamily Market Snapshot
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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