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44 Pinkham Road

Compass Brokers Facilitate $1.35M Sale Of Medford Multifamily Property
SOLDMultiFamily

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:

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

Jake Eddy

Compass

Broker

$2.7M

vol

2 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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93