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14 Gale Street

Toshivv Kumar & Alina Wang Facilitate $1.11M Sale Of Multifamily Property In Malden, MA
SOLDMultiFamily

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

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:

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

Toshivv Kumar

Stuart St James

Broker

$2.2M

vol

2 deals

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

14.28%

Cash-on-Cash

-4.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93