Redfin Corp. Acquires Multifamily Property For $1.125M In Malden, MA
51 Granville Avenue, Malden, MA 02148
$1,125,000
$375/SF
Building Size
2,995 SF
Asset Type
MultiFamily
Closing
Sep 30, 2021
AI
An undisclosed multifamily property located at 51 Granville Ave in Malden, MA has been sold. The property spans a total area of 2,995 square feet. The sale took place on September 30, 2021, and the property was purchased for a total of $1,125,000, resulting in a price per square foot of $376.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,125,000
- Address: 51 Granville Ave, Malden, MA
- Square Footage: 2,995 sq ft
James Gulden from Redfin Corp. represented the buyer in the transaction, while Timothy Sheahan from LAER Realty Partners acted as the seller's representative.
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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93