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553 Main Street

Arthur Martiroso & David Martiroso Of DNA Realty Group Acquire Medford, MA Multifamily For $950K
SOLDMultiFamily

Arthur Martiroso & David Martiroso Of DNA Realty Group Acquire Medford, MA Multifamily For $950K

553 Main Street

$950,000

$155/SF

Building Size

6,099 SF

Asset Type

MultiFamily

Closing

May 26, 2022

AI

Located at 553 Main St in Medford, MA, this multifamily property was recently sold for a total price of $950,000. The sale was completed on 05/27/2022, making it a closed transaction. The property consists of three units, resulting in a price per unit of $316,667. With a total area of 6,099 square feet, the price per square foot comes out to be $156.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $950,000
  • Address: 553 Main St, Medford, MA
  • Market: Medford, MA
  • Units: 3
  • Price per Unit: $316,667
  • Total Area: 6,099 square feet
  • Price per Square Foot: $156

Representing the buyers in this transaction were Arthur Martiroso and David Martiroso from DNA Realty Group and Keller Williams Realty Success. They facilitated the sale and ensured a smooth transaction for their clients. For any inquiries, Arthur Martiroso can be reached at 617-921-5015 or via email at [email protected], while David Martiroso can be contacted at 617-939-7138 or [email protected]. Further information can be found on the DNA Realty Group website, www.thednarealtygroup.com.

Players

Arthur Martiroso

Keller Williams Realty

Broker

$11.8M

vol

10 deals

Broker

Medford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

16.70%

Cash-on-Cash

-4.77%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93