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87 Forest Street

Updated Dec 4, 2024

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

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.

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$1,625,000

$331/SF

MultiFamily

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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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Deal FAQ

About $331 per square foot on a published $1.6M for 4,900 square feet (2024).

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Browse Medford multifamily sales on Traded.

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

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