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151 Fourth Street

Multifamily Property At 151 Fourth Street In Medford Sold For $1.165M With Seller's Rep Kenneth Leva
SOLDMultiFamily

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

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.

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