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9 Emerald Street, Medford, ...

Flow Realty, Inc. Acquires Multifamily Property In Medford, MA For $1.35M
SOLDMultiFamily

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

Maggie Dee

Compass

Broker

$9.4M

vol

5 deals

Broker

Medford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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