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
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.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93