Jonathan Block Acquires 18-Unit Multifamily In Medford, MA For $4.995M

Located at 293-297 Spring Street in Medford, MA, this multifamily property was recently sold in a closed transaction. The property consists of 18 units with a total square footage of 10,989. The asking price for this property was $6,000,000, and it was ultimately sold for $4,995,000, resulting in a price per square foot of $455. The seller in this transaction was Paula G. Pacitto, while Jonathan Block of Block Properties LLC acted as the buyer.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $4,995,000
• Address: 293-297 Spring Street, Medford, MA
• Market: Medford, MA
• Square Footage: 10,989
• Asking Price: $6,000,000
• Price Per Square Foot: $455
• Seller: Paula G. Pacitto
• Buyer: Jonathan Block – Block Properties LLC

Representing the seller, Paula G. Pacitto, in this transaction were Evan Griffith, Tony Pepdjonovic, and Jeremy Buckley from Marcus & Millichap. They successfully facilitated the sale of this multifamily property.