Updated Dec 21, 2023
Berkshire Hathaway HomeServices Acquires Multifamily Property In Malden, MA
105 Elm Street, Malden, Massachusetts, USA
$1,000,000
$248/SF
Building Size
4,025 SF
Asset Type
MultiFamily
Closing
Apr 7, 2021
About this deal
AI
A multifamily property located at 105 Elm Street in Malden, MA has been sold for $1,000,000. The property spans a total of 4,025 square feet, resulting in a price per square foot of $248. The sale took place on April 8, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 105 Elm Street, Malden, MA
- Market: Malden, MA
- Seller's Representative: Fintan Doherty - Berkshire Hathaway HomeServices Commonwealth Real Estate
- Buyer's Representative: Derek Fraser - Apartment Rental Experts LLC
- Square Footage: 4,025
- Price per Square Foot: $248
- Date: April 8, 2021
Fintan Doherty from Berkshire Hathaway HomeServices Commonwealth Real Estate represented the seller in the transaction, while Derek Fraser from Apartment Rental Experts LLC served as the buyer's representative.
Malden 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93