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Multifamily Property In Medford, MA Sold For $1.4M With Brokers Judy Weinberg & Susan Silkes
SOLD
$1,401,000
Massachusetts
See Similar DealsMultiFamily7,070 SF
Sold 12/11/2023
SOLD
Multifamily Property In Medford, MA Sold For $1.4M With Brokers Judy Weinberg & Susan Silkes
75 Pearson Road & 77 Pearson Road
See Similar DealsMultiFamily7,070 SF
Sold 12/11/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$198
Total Square Footage:7,070 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,719.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,977.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,641.45
Annual Debt Service$79,697.46
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