Updated Dec 4, 2024
Louis Wolfson Acquires Medford Multifamily For $1.04M With Seller's Rep David Ferrini Of Coldwell Banker
7 Larkin Road & 9 Larkin Road
$1,044,000
$202/SF
Building Size
2,582 SF
Asset Type
MultiFamily
Closing
Jan 5, 2024
About this deal
AI
A multifamily property at 7-9 Larkin Road in Medford, MA, has changed hands for $1,044,000. The property spans 2,582 square feet, resulting in a price per square foot of $404. It was sold in a closed transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,044,000
- Address: 7-9 Larkin Road, Medford, MA
- Market: Medford, MA
The buyer's representative for this transaction was Louis Wolfson, while David Ferrini from Coldwell Banker served as the seller's representative.
Note: Louis Wolfson represented the buyer in this transaction, and David Ferrini from Coldwell Banker represented the seller.
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
15.19%
Cash-on-Cash
-4.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93