Andreas Tsitos Acquires 16-unit Multifamily Property In Malden, MA For $4.9M With Brokers John Pentore & Dennis Kelleher

The multifamily property located at 40 Rockland Avenue in Malden, MA was recently sold for $4,900,000. The property consists of 16 units with a price per unit of $306,250. The total square footage of the property is 19,200, resulting in a price per square foot of $255.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $4,900,000
• Units: 16
• Price per Unit: $306,250
• Square Footage: 19,200
• Price per Square Foot: $255

The buyer of the property is Andreas Tsitos, while the seller is Ernest Tsai. The deal was facilitated by brokers John Pentore and Dennis Kelleher from Horvath & Tremblay. They represented their respective clients in the transaction.