facebook
Traded Co logo
Submit

Jonathan Block Acquires 18-Unit Multifamily In Medford, MA For $4.995M

Property Image
SOLD
$4,995,000
Evan Griffith
Jeremy Buckley
+ 1

Massachusetts

See Similar Deals
MultiFamily10,989 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Jonathan Block Acquires 18-Unit Multifamily In Medford, MA For $4.995M

293-297 Spring Street, Medford, Massachusetts, USA

See Similar Deals
MultiFamily10,989 SF
Sold
Evan Griffith
Jeremy Buckley
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$454
Total Square Footage:10989 SF
Transaction Type:Sale

Located at 293-297 Spring Street in Medford, MA, this multifamily property was recently sold in a closed transaction. The property consists of 18 units with a total square footage of 10,989. The asking price for this property was $6,000,000, and it was ultimately sold for $4,995,000, resulting in a price per square foot of $455. The seller in this transaction was Paula G. Pacitto, while Jonathan Block of Block Properties LLC acted as the buyer.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $4,995,000
  • Address: 293-297 Spring Street, Medford, MA
  • Market: Medford, MA
  • Square Footage: 10,989
  • Asking Price: $6,000,000
  • Price Per Square Foot: $455
  • Seller: Paula G. Pacitto
  • Buyer: Jonathan Block – Block Properties LLC

Representing the seller, Paula G. Pacitto, in this transaction were Evan Griffith, Tony Pepdjonovic, and Jeremy Buckley from Marcus & Millichap. They successfully facilitated the sale of this multifamily property.

Players

Jeremy Buckley
12 deals$55.8M volume(781) 413-6250
BROKER

Evan Griffith
Marcus & Millichap
65 deals$388M volume
BROKER

Tony Pepdjonovic
Marcus & Millichap
77 deals$383.6M volume
BROKER

Details

SOLD
IMAGE: Evan Griffith, Jeremy Buckley & Tony Pepdjonovic DATE: 12/15/2020 ADDRESS: 293-297 Spring Street MARKET: Medford, MA ASSET TYPE: Multifamily SELLER: Paula G. Pacitto BUYER: Jonathan Block – Block Properties LLC BROKERS: Evan Griffith, Tony Pepdjonovic, & Jeremy Buckley – Marcus & Millichap ASKING PRICE: $6,000,000 SALE PRICE: $4,995,000 SF: 10,989 ~ PPSF: $455 UNITS: 18 ~ PPU: $277,500

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,400.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,746.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,678.85
Annual Debt Service$284,146.18