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44 Chester Street

Ides Figueiredo & Chris Yang Broker Multifamily Sale In Malden, MA For $1.01M
SOLDMultiFamily

Ides Figueiredo & Chris Yang Broker Multifamily Sale In Malden, MA For $1.01M

44 Chester Street & 46 Chester Street

$1,010,000

$185/SF

Building Size

5,448 SF

Asset Type

MultiFamily

Closing

Mar 14, 2024

AI

A multifamily property at 44-46 Chester Street in Malden, MA, was sold for $1,010,000. The property spans 2,724 square feet, resulting in a price per square foot of $371.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,010,000
  • Address: 44-46 Chester Street
  • Market: Malden, MA
  • Buyer's Rep: Ides Figueiredo - Coldwell Banker
  • Seller's Rep: Chris Yang - Keller Williams Realty Boston South West

Ides Figueiredo of Coldwell Banker represented the buyer in the transaction, while Chris Yang of Keller Williams Realty Boston South West represented the seller, facilitating the successful sale of the multifamily property.

Players

Chris Yang

Keller Williams Realty

Broker

$8.1M

vol

7 deals

Broker

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

15.71%

Cash-on-Cash

-4.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93