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12 Oak Terrace

Keller Williams Realty Boston South West Acquires Multifamily In Malden, MA For $1.06M
SOLDMultiFamily

Keller Williams Realty Boston South West Acquires Multifamily In Malden, MA For $1.06M

12 Oak Terrace

$1,060,000

$297/SF

Building Size

3,561 SF

Asset Type

MultiFamily

Closing

Aug 30, 2023

AI

A multifamily property located at 12 Oak Terrace in Malden, Massachusetts, was sold for $1.06 million. The property spans 3,561 square feet, resulting in a price per square foot of $298.

Summary of transaction details

The transaction involved Chris Yang from Keller Williams Realty Boston South West representing the buyer and Joanna Kirylo from Berkshire Hathaway HomeServices Warren Residential representing the seller.

Players

Joanna Kirylo

Berkshire Hathaway HomeServices

Broker

$1.1M

vol

1 deal

Broker

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

14.97%

Cash-on-Cash

-4.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93