Updated Dec 4, 2024
Multifamily Property At 151 Fourth Street In Medford Sold For $1.165M With Seller's Rep Kenneth Leva
151 Fourth Street
$1,165,000
$388/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Jul 24, 2024
About this deal
AI
The property involved in the transaction is a multifamily asset located at 151 Fourth Street in Medford, MA. It consists of 2 units and has a total square footage of 3,000. The sale price of the property was $1,165,000, 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
- Units: 2
- Square Footage: 3,000
- Price Per Unit: $582,500
- Price Per Square Foot: $388
- Seller's Representative: Kenneth Leva - Gibson Sothebys International Realty
- Transaction Date: 07/24/2024
- Market: Medford, MA
Representing the seller in this transaction was Kenneth Leva from Gibson Sothebys International Realty, facilitating the deal in the multifamily market in Medford, MA.
On the Map
$1,165,000
$388/SF
MultiFamily
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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
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93