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1105 Fellsway Malden, MA 02...

Updated Sep 9, 2024

Multifamily Property In Malden, MA Sold For $1.1M With Buyer's Rep Andy Luke & Seller's Rep Steven Ultrino
SOLDMultiFamily

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

Steven Ultrino

Century 21

Broker

$1.1M

vol

1 deal

Broker

Malden MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $326 per square foot on a published $1.1M for 3,371 square feet (2023).

Visit Century 21 to view all their deals.

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

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