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.
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