Compass Brokers Facilitate $1.35M Sale Of Medford Multifamily Property
44 Pinkham Road & 46 Pinkham Road
$1,350,000
$276/SF
Building Size
4,876 SF
Asset Type
MultiFamily
Closing
Feb 27, 2024
AI
In Medford, MA, a multifamily property at 44-46 Pinkham Road has been sold for $1,350,000. The transaction was managed by The Collective at Compass representing the buyer, Kevin Gehl, Lara Shuqom, Lisa Vieira, and Loren Larsen, and Compass representing the seller, David Murdock, Jake Eddy, and Mike Valencius. The property spans 2,438 square feet and was sold at a price per square foot of $554.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 44-46 Pinkham Road
- Market: Medford, MA
- Buyer's Rep: Kevin Gehl, Lara Shuqom, Lisa Vieira & Loren Larsen - The Collective at Compass
- Seller's Rep: David Murdock, Jake Eddy & Mike Valencius - Compass
The key individuals involved in this transaction are Kevin Gehl, Lara Shuqom, Lisa Vieira, Loren Larsen, David Murdock, Jake Eddy, and Mike Valencius, representing the buyer and seller respectively. The Collective at Compass facilitated the purchase of this multifamily property, showcasing a successful deal in the Medford market.
Players
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93