SOLDMultiFamily
Pierce Properties Real Estate Sells Malden Multifamily For $1.22M
52 Crescent Avenue, Malden, Massachusetts 02148, United States
$1,220,000
$248/SF
Building Size
4,904 SF
Asset Type
MultiFamily
Closing
May 25, 2022
AI
A multifamily property located at 52 Crescent Ave in Malden, MA has been sold for $1,220,000. The property spans approximately 4,904 square feet and was sold at a price per square foot of $249.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Address: 52 Crescent Ave, Malden, MA
- Market: Malden, MA
- Asset Type: Multifamily
The sale was brokered by Matthew Pierce from Pierce Properties Real Estate.
Malden MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93