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2 Granite Street Malden, MA...

Updated Sep 9, 2024

2 Granite Street Multifamily Sold For $1.6M By Horvath & Tremblay And Remax
SOLDMultiFamily

2 Granite Street Multifamily Sold For $1.6M By Horvath & Tremblay And Remax

2 Granite Street Malden, MA 02148, USA

$1,587,000

$331/SF

Building Size

4,792 SF

Asset Type

MultiFamily

Closing

Sep 8, 2023

About this deal

AI

The property at 2 Granite St. in Malden, MA has been sold for $1.587 million. This multifamily asset consists of a seven-unit, three-story building. Each unit is a two-room studio-style apartment with spacious kitchen/living spaces. The total square footage of the property is 4,792, resulting in a price per square foot of $331.

Summary of transaction details

Dennis Kelleher and John Pentore from Horvath & Tremblay represented the buyer in this transaction, while Cam Whalen from Remax represented the seller. These real estate professionals played a crucial role in facilitating the successful sale of the property at 2 Granite St.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$570.4M

vol

98 deals

Broker

Granite MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $331 per square foot on a published $1.6M for 4,792 square feet (2023).

Visit Dennis Kelleher to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.00%

Cash-on-Cash

-2.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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