Updated Oct 29, 2024
The Green Cities Company Acquires Multifamily Property In Malden, MA For $95.5M
500 Broadway, Malden, MA, USA
$95,500,000
$363/SF
Building Size
263,061 SF
Asset Type
MultiFamily
Closing
Feb 4, 2021
About this deal
AI
A multifamily property located at 500 Broadway in Malden, MA has been sold for a price of $95,500,000. The property consists of 295 units, making the per unit price approximately $323,729. The transaction took place on February 5, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $95,500,000
The seller of the property was Taurus Investment Holdings, while the buyer was The Green Cities Company. The deal was facilitated by Simon Butler, Biria St. John, and John McLaughlin from CBRE.
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93