Updated Dec 4, 2024
Toshivv Kumar & Alina Wang Facilitate $1.11M Sale Of Multifamily Property In Malden, MA
14 Gale Street
$1,111,000
$432/SF
Building Size
2,571 SF
Asset Type
MultiFamily
Closing
Apr 10, 2024
About this deal
AI
A two-family property at 14 Gale St in Malden was sold for $1,111,000. The property features versatile layouts, fully rented units, ample parking, and in-unit laundry. Its convenient location offers accessibility to highways, public transit, and various amenities.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,111,000
- Address: 14 Gale Street
- Market: Malden, MA
- Units: 2
- Price Per Unit: $555,500
- Square Footage: 2,571
- Price per Square Foot: $432
- Buyer's Rep: Toshivv Kumar - Stuart St James
- Seller's Rep: Alina Wang - Coldwell Banker
The deal involved Toshivv Kumar from Stuart St James as the buyer's representative and Alina Wang from Coldwell Banker as the seller's representative, facilitating the successful transaction of the multifamily property at 14 Gale Street.
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
14.28%
Cash-on-Cash
-4.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93