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
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