Flow Realty, Inc. Acquires Multifamily Property In Medford, MA For $1.35M
SOLD
$1,350,000
Massachusetts
See Similar DealsMultiFamily2,995 SF
Sold 08/11/2020
SOLD
Flow Realty, Inc. Acquires Multifamily Property In Medford, MA For $1.35M
9 Emerald Street, Medford, MA, USA
See Similar DealsMultiFamily2,995 SF
Sold 08/11/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$450
Total Square Footage:2,995 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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