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30-32 Maple St, Malden, Mas...

Updated Sep 5, 2024

Rebecca Huang Of Castles Unlimited Sells Multifamily Property On Maple St In Malden, MA For $1.15M
SOLDMultiFamily

Rebecca Huang Of Castles Unlimited Sells Multifamily Property On Maple St In Malden, MA For $1.15M

30-32 Maple St, Malden, Massachusetts, USA

$1,150,000

$300/SF

Building Size

3,824 SF

Asset Type

MultiFamily

Closing

May 28, 2020

About this deal

AI

The multifamily property located at 30-32 Maple St in Malden, MA was recently sold for $1,150,000. The transaction took place on 05/28/2021 and was represented by Rebecca Huang from Castles Unlimited, acting as the seller's representative. The buyer's representative in this deal was The Reference Group from Ledge & Young Real Estate. The property has a total area of 3,824 square feet, resulting in a price per square foot of $301.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Date: 05/28/2021
  • Address: 30-32 Maple St, Malden, MA
  • Seller's Representative: Rebecca Huang - Castles Unlimited
  • Buyer's Representative: The Reference Group - Ledge & Young Real Estate
  • Square Footage: 3,824
  • Price per Square Foot: $301

Rebecca Huang from Castles Unlimited represented the seller in this transaction, while The Reference Group from Ledge & Young Real Estate acted as the buyer's representative. This sale highlights the strong real estate market in Malden, MA, where a multifamily property was successfully transacted at a price of $1,150,000. The property spans a total area of 3,824 square feet and was sold at a price per square foot of $301.

Players

Rebecca Huang

East West Real Estate

Broker

$3.6M

vol

3 deals

Broker

Malden MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $300 per square foot on a published $1.2M for 3,824 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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