Susan Kumar Of Massachusetts Realty Represents Buyer In $1.165M Multifamily Sale In Medford
151 Fourth Street
$1,165,000
$388/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Jul 24, 2024
AI
The property involved in the transaction is a well-maintained two-family home located at 151 Fourth Street, Medford, MA. It was sold for $1,165,000. The asset spans 3,000 square feet and features two units, resulting in a price per unit of $582,500 and a price per square foot of $388.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,165,000
- Address: 151 Fourth Street
- Market: Medford, MA
- Units: 2
- Square Footage: 3,000
- Price Per Unit: $582,500
- Price Per Square Foot: $388
The deal involved representatives from Massachusetts Realty and Gibson Sotheby's International Realty. The buyer was represented by Susan Kumar, while Kenneth Leva represented the seller.
Players
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
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93