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
- Property Type: Multifamily
- Transaction Amount: $1,060,000
- Address: 12 Oak Terrace, Malden, MA
- Buyer's Rep: Chris Yang - Keller Williams Realty Boston South West
- Seller's Rep: Joanna Kirylo - Berkshire Hathaway Homeservices Warren Residential
- Market: Malden, MA
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
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