Flow Realty, Inc. Acquires Multifamily Property In Medford, MA For $1.35M
9 Emerald Street, Medford, MA, USA
$1,350,000
$450/SF
Building Size
2,995 SF
Asset Type
MultiFamily
Closing
Aug 11, 2020
AI
Located at 9 Emerald St in Medford, MA, this multifamily property was recently sold in a closed transaction. The property spans 2,995 square feet and features multiple units. The sale price for this asset was $1,350,000, resulting in a price per square foot of $451.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
Maggie Dee from Compass represented the seller in this transaction, while Richard Genovese from Flow Realty, Inc. acted as the buyer's representative. Their expertise and guidance played a key role in the successful completion of this deal.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93