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.
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