Tracy Downer Of Bayside Real Estate Group Brokers $1.07M Multifamily Sale In Malden
157 Summer Street
$1,073,100
$300/SF
Building Size
3,567 SF
Asset Type
MultiFamily
Closing
Mar 20, 2024
AI
157 Summer St in Malden, MA, sold for $1,073,100 on March 20, 2024. This two-family Victorian home in the West End offers spacious rooms, hardwood floors, and convenient access to Malden T station.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,073,100
- Units: 2
- Price Per Unit: $536,550
- Square Footage: 3,567
- Price Per Square Foot: $301
- Address: 157 Summer Street, Malden, MA
- Market: Malden, MA
- Broker: Tracy Downer - Bayside Real Estate Group
This transaction was facilitated by Tracy Downer from Bayside Real Estate Group. Tracy played a key role in the successful sale of the property located at 157 Summer Street in Malden, MA.
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
14.78%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93