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23-27 Church Street

Invest Realty Group Acquires Multifamily Property In Malden, MA For $1.63M
SOLDMultiFamily

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

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

Willer Silva

Invest Realty Group

Broker

$2.9M

vol

2 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

9.73%

Cash-on-Cash

-2.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93