Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,630,000
$297/SF
MultiFamily
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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