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75 Pearson Road

Multifamily Property In Medford, MA Sold For $1.4M With Brokers Judy Weinberg & Susan Silkes
SOLDMultiFamily

Multifamily Property In Medford, MA Sold For $1.4M With Brokers Judy Weinberg & Susan Silkes

75 Pearson Road & 77 Pearson Road

$1,401,000

$198/SF

Building Size

7,070 SF

Asset Type

MultiFamily

Closing

Dec 11, 2023

AI

A multifamily property at 75-77 Pearson Road in Medford, MA, has been sold for $1.4 million. The transaction was facilitated by brokers Judy Weinberg and Susan Silkes of Leading Edge Real Estate.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,401,000
  • Square Footage: 3,535
  • Price per Square Foot: $396
  • Address: 75-77 Pearson Road, Medford, MA
  • Market: Medford, MA

The sale of the multifamily property was handled by brokers Judy Weinberg and Susan Silkes of Leading Edge Real Estate. They represented the parties involved in the transaction, ensuring a successful sale.

Players

Judy Weinberg

Leading Edge Real Estate

Broker

$6.4M

vol

5 deals

Broker

Somerville 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

11.32%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93