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19-21 Clark Street

Yuxin Lyu Acquires Multifamily Property In Malden For $1.38M Represented By Rose Hall And Nicholas Daher
SOLDMultiFamily

Yuxin Lyu Acquires Multifamily Property In Malden For $1.38M Represented By Rose Hall And Nicholas Daher

19-21 Clark Street

$1,380,000

$370/SF

Building Size

3,722 SF

Asset Type

MultiFamily

Closing

Oct 21, 2024

AI

The asset involved in this transaction is a multifamily property located at 19-21 Clark Street in Malden, MA. The sale occurred at a price of $1,380,000, with the property encompassing a total area of 3,722 square feet. The price per square foot for this sale was calculated at $370.

Summary of transaction details:

Key individuals in the transaction include Yuxin Lyu as the buyer and George Saleh as the seller. The buyer was represented by Rose Hall from Blue Ocean Property Management, while the seller was represented by Nicholas Daher from Broad Sound Real Estate, facilitating the completion of this multifamily property deal.

Players

Rose Hall

Blue Ocean Property Management

Broker

$12.5M

vol

7 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

11.49%

Cash-on-Cash

-3.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93