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28 Early Avenue

Paul Cirignano Of The Synergy Group Represents Buyer In Sale Of Medford Multifamily For $1.075M
SOLDMultiFamily

Paul Cirignano Of The Synergy Group Represents Buyer In Sale Of Medford Multifamily For $1.075M

28 Early Avenue & 30 Early Avenue

$1,075,000

$180/SF

Building Size

5,960 SF

Asset Type

MultiFamily

Closing

Sep 10, 2024

AI

A two-unit multi-family property at 28-30 Early Avenue in Medford, MA, has been sold for $1,075,000. The property encompasses 2,980 square feet and consists of 5 beds and 2 baths. Key features include in-unit laundry and updated heating, along with a below-market rent opportunity, all situated a short distance from Medford Square and Boston.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,075,000
  • Square Footage: 2,980
  • Price per Square Foot: $361
  • Address: 28-30 Early Avenue
  • Market: Medford, MA
  • Buyer's Representative: Paul Cirignano - The Synergy Group
  • Seller's Representative: The Barnes Team - RE/MAX Bentley's

Paul Cirignano of The Synergy Group represented the buyer in this transaction, while The Barnes Team from RE/MAX Bentley's handled the seller's side of the deal. This transaction highlights the collaboration between these brokerage firms in facilitating the sale.

Players

Paul Cirignano

The Synergy Group

Broker

$31.4M

vol

6 deals

Broker

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

14.76%

Cash-on-Cash

-4.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93