Updated Sep 9, 2024
Multifamily Property In Malden, MA Sold For $1.1M With Buyer's Rep Andy Luke & Seller's Rep Steven Ultrino
1105 Fellsway Malden, MA 02148, USA
$1,100,000
$326/SF
Building Size
3,371 SF
Asset Type
MultiFamily
Closing
Aug 15, 2023
About this deal
AI
In Malden, Massachusetts, a multifamily property located at 1105-1107 Fellsway has been sold for a total of $1,100,000. The transaction was facilitated by Andy Luke of Homefindersma, representing the buyer, and Steven Ultrino of Century 21 North East, representing the seller. This property encompasses a total of 3,371 square feet and was sold at a price per square foot of $326.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Square Footage: 3,371
- Price per Square Foot: $326
- Address: 1105-1107 Fellsway, Malden, MA
- Market: Malden, MA
The successful sale of the multifamily property at 1105-1107 Fellsway was made possible through the representation of Andy Luke from Homefindersma, who acted as the buyer's representative, and Steven Ultrino from Century 21 North East, who represented the seller. This transaction reflects the expertise and negotiation skills of both individuals involved in the deal.
Players
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93