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157 Summer Street

Updated Dec 4, 2024

Tracy Downer Of Bayside Real Estate Group Brokers $1.07M Multifamily Sale In Malden
SOLDMultiFamily

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

About this deal

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.

Players

Tracy Downer

Bayside Real Estate Group

Broker

$1.1M

vol

1 deal

Broker

Malden MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $300 per square foot on a published $1.1M for 3,567 square feet (2024).

Visit Bayside Real Estate Group to view all their deals.

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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

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