Andreas Tsitos Purchases 75-Unit Multifamily Property From Timothy Fiore In Malden For $19M

The property asset involved in this transaction is a multifamily asset located at 34 Main Street in Malden, MA. The sale price of the property was $19,000,000, and it consists of 75 units within a total square footage of 58,536. The price per unit (PPU) stands at $253,333, while the price per square foot (PPSF) is recorded at $324. The property includes additional features such as 12 bay garages and 16 off-street parking spaces. The buildings have been under the same ownership since 2015.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $19,000,000
• Units: 75
• Square Feet: 58,536
• Price per Unit: $253,333
• Price per Square Foot: $324
• Buyer: Andreas Tsitos
• Seller: Timothy Fiore
• Brokers: Dan Pouladian & Sara Pouladian - Northshore Realty Advisors

North Shore Realty Advisors, Inc facilitated the sale of 34-38 Main Street, with Dan Pouladian and Sara Pouladian representing the parties involved in the transaction. They successfully managed the process, marking a significant transaction in the multifamily market.