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151 Fourth Street

Susan Kumar Of Massachusetts Realty Represents Buyer In $1.165M Multifamily Sale In Medford
SOLDMultiFamily

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

Kenneth Leva

Sotheby's International Realty

Broker

$5.8M

vol

4 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

13.62%

Cash-on-Cash

-3.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93