Updated Sep 9, 2024
Blue Ocean Realty Acquires Multifamily Property In Malden, MA For $1.325M
39-41 Columbia Street, Malden, Massachusetts 02148, United States
$1,325,000
$353/SF
Building Size
3,746 SF
Asset Type
MultiFamily
Closing
May 5, 2022
About this deal
AI
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.
On the Map
$1,325,000
$353/SF
MultiFamily
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Players
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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93