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33 Havelock St, Malden, Mas...

Daniel Resop Acquires $1.3M Multifamily Property In Malden, MA
SOLDMultiFamily

Daniel Resop Acquires $1.3M Multifamily Property In Malden, MA

33 Havelock St, Malden, Massachusetts 02148, United States

$1,300,000

$231/SF

Building Size

5,627 SF

Asset Type

MultiFamily

Closing

Jan 5, 2022

AI

Located at 33-35 Havelock St in Malden, MA, this multifamily property was recently sold in a closed transaction. The property spans across 5,627 square feet and was sold for a price of $1,300,000, resulting in a price per square foot of $231. The sale took place on January 5, 2022.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Square Footage: 5,627
  • Address: 33-35 Havelock St, Malden, MA
  • Market: Malden, MA

The seller's representative in the transaction was John Thomson from The Thomson Companies. On the buyer's side, Daniel Resop from William Raveis R.E. & Home Services acted as the buyer's representative.

Players

Daniel Resop

William Raveis Real Estate

Broker

$2.7M

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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93