Updated Sep 5, 2024
Broad Sound Real Estate Acquires Multifamily Property In Malden, MA For $1.225M
19 Clark Street, Malden, Massachusetts 02148, United States
$1,225,000
$329/SF
Building Size
3,722 SF
Asset Type
MultiFamily
Closing
Dec 20, 2021
About this deal
AI
The multifamily property located at 19-21 Clark St in Malden, MA has been sold for $1,225,000. The transaction took place on 12/20/2021. The property spans a total area of 3,722 square feet, resulting in a price per square foot of $329. Nicholas Daher from Broad Sound Real Estate, Llc represented the parties involved in the sale.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Square Footage: 3,722
- Price Per Square Foot: $329
- Date: 12/20/2021
- Address: 19-21 Clark St, Malden, MA
- Broker: Nicholas Daher - Broad Sound Real Estate, Llc
Nicholas Daher from Broad Sound Real Estate, Llc played a key role as the broker in facilitating the sale of the multifamily property at 19-21 Clark St in Malden, MA. Their expertise assisted in successfully completing this transaction.
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
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93