Updated Dec 19, 2023
Lexwin Realty Acquires Multifamily Property In Medford, MA For $1.2M
79 Pearson Road, Medford, Massachusetts 02144, United States
$1,200,000
$461/SF
Building Size
2,598 SF
Asset Type
MultiFamily
Closing
May 8, 2022
About this deal
AI
A multifamily property located at 79-81 Pearson Rd in Medford, MA has been sold for $1,200,000. The property spans 2,598 square feet, resulting in a price per square foot of $462.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Date: 05/09/2022
- Market: Medford, MA
Carlos Xu from Lexwin Realty represented the buyer in this transaction, while Joanne Hamilton from Century 21 Advance Realty represented the seller.
The multifamily sale at 79 Pearson Road, Medford, Massachusetts 02144, United States in Somerville, Massachusetts sold for $1.2M in 2022. The building is 2,598 square feet, implying about 461 per square foot on the published price. Joanne Hamilton, Carlos Xu, Century 21 appear on the sale alongside Century 21. This page is the Somerville, Massachusetts file for the 79 Pearson Road, Medford, Massachusetts 02144, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Somerville sit in the Market section below. Filter that Somerville multifamily set by closing date to see what else sold near 79 Pearson Road, Medford, Massachusetts 02144, United States around 2022. Published consideration for 79 Pearson Road, Medford, Massachusetts 02144, United States is $1.2M, dated 2022. Cite this Lexwin Realty Acquires Multifamily Property In Medford, MA For $1.2M sale when underwriting similar multifamily product around Somerville, Massachusetts.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93