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Thread Real Estate Handles $1.35M Multifamily Sale In Malden, MA
SOLD
$1,350,000
Massachusetts
See Similar DealsMultiFamily4,521 SF
Sold 12/29/2023
SOLD
Thread Real Estate Handles $1.35M Multifamily Sale In Malden, MA
200-202 West Street
See Similar DealsMultiFamily4,521 SF
Sold 12/29/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$298
Total Square Footage:4,521 SF
Transaction Type:Sale
In Malden, MA, a multifamily property located at 200-202 West Street has been sold for $1.35 million. The property spans over 4,521 square feet, resulting in a price per square foot of $299.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 200-202 West Street
- Market: Malden, MA
The sale was facilitated by Hamza Abbas and Lynda Le from Thread Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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