Updated Dec 4, 2024
Juan David Jaramillo & Tracy Mei Facilitate $1.135M Multifamily Sale In Malden
44 Grace Street
$1,135,000
$317/SF
Building Size
3,579 SF
Asset Type
MultiFamily
Closing
Jun 7, 2024
About this deal
AI
Located at 44 Grace Street in Malden, MA, this multifamily property was sold for $1,135,000. The two-family layout and finished basement make it an attractive investment opportunity. With 3,579 square feet of space, this property offers versatility for both investors and owner-occupants.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,135,000
- Units: 2
- Price per Unit: $567,500
- Square Footage: 3,579
- Price per Square Foot: $317
- Address: 44 Grace Street, Malden, MA
- Market: Malden, MA
- Buyer's Rep: Juan David Jaramillo - Century 21 Mario Real Estate
- Seller's Rep: Tracy Mei - Denkar Realty Group
Juan David Jaramillo representing Century 21 Mario Real Estate facilitated the purchase, while Tracy Mei from Denkar Realty Group represented the seller in this transaction.
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
13.98%
Cash-on-Cash
-3.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93