Invest Realty Group Acquires Multifamily Property In Malden, MA For $1.63M
23-27 Church Street
$1,630,000
$297/SF
Building Size
5,475 SF
Asset Type
MultiFamily
Closing
Nov 29, 2023
AI
A multifamily property located at 23-27 Church Street in Malden, MA, was recently sold for a total price of $1,630,000. The property spans a total area of 5,475 square feet, resulting in a price per square foot of approximately $298.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,630,000
- Address: 23-27 Church Street, Malden, MA
- Market: Malden, MA
- Buyer's Representative: Willer Silva - Invest Realty Group
- Seller's Representative: Mike Almquist - LAER Realty Partners
The buyer's representative in this transaction was Willer Silva from Invest Realty Group, while the seller's representative was Mike Almquist from LAER Realty Partners.
Players
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
9.73%
Cash-on-Cash
-2.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93