Blue Ocean Realty Acquires Multifamily Property In Malden, MA For $1.325M
SOLD
$1,325,000
Massachusetts
See Similar DealsMultiFamily3,746 SF
Sold 05/06/2022
SOLD
Blue Ocean Realty Acquires Multifamily Property In Malden, MA For $1.325M
39-41 Columbia Street, Malden, Massachusetts 02148, United States
See Similar DealsMultiFamily3,746 SF
Sold 05/06/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$353
Total Square Footage:3,746 SF
Transaction Type:Sale
Located at 39-41 Columbia St in Malden, MA, this multifamily property was recently sold for a price of $1,325,000. The property spans a total area of 3,746 square feet, resulting in a price per square foot of $354. The transaction took place on 05/06/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,325,000
- Address: 39-41 Columbia St, Malden, MA
- Market: Malden, MA
Rose Hall from Blue Ocean Realty, LLC represented the buyer, while Maria Buonopane from Century 21 CELLI acted as the seller's representative in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11
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