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Anthony Castellano Of Lamacchia Realty Represents Buyer In $1.01M Malden Multifamily Sale

Property Image
SOLD
$1,010,000

Massachusetts

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MultiFamily3,807 SF
Sold 07/30/2024
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Property Image
SOLD

Anthony Castellano Of Lamacchia Realty Represents Buyer In $1.01M Malden Multifamily Sale

28-30 Presley Street

See Similar Deals
MultiFamily3,807 SF
Sold 07/30/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$265
Total Square Footage:3,807 SF
Transaction Type:Sale

A 2-family home located at 28-30 Presley Street in Malden, MA, has been sold for $1,010,000. The property encompasses 3,807 square feet, features 7 bedrooms and 3 bathrooms, and comes with a 2-car garage. The property was sold "as is" and requires some touch-ups.

Summary of transaction details:

The transaction involved key representatives from Lamacchia Realty and Multi-Line Real Estate, highlighting the collaboration between Anthony Castellano, representing the buyer, and Dekahn Wong, representing the seller. Both professionals facilitated the deal conducted for the multifamily asset in the local market.

Players

Anthony Castellano
2 deals$2M volume(978) 618-6023
BROKER

Details

SOLD
IMAGE: Anthony Castellano DATE: 07/30/2024 ADDRESS: 28-30 Presley Street MARKET: Malden, MA ASSET TYPE: Multifamily BUYER'S REP: Anthony Castellano (@AnthonyCastellano_Realtor) - Lamacchia Realty (@LamacchiaRealty) SELLER'S REP: Dekahn Wong - Multi-Line Real Estate SALE PRICE: $1,010,000 UNITS: 2 ~ PPU: $505,000 SF: 3,807 ~ PPSF: $265 NOTE: A 2-family home at 28-30 Presley St, Malden, MA, sold for $1,010,000. The property features 7 beds, 3 baths, and 3,807 sq ft, with a 2-car garage, needing some touch-ups, and was sold "as is.

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,588.31
Cash-on-Cash Return-1.27%
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