Updated Dec 21, 2023
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
About this deal
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.
The multifamily sale at 52 Crescent Avenue, Malden, Massachusetts 02148, United States in Malden, Massachusetts sold for $1.2M in 2022. The building is 4,904 square feet, implying about 248 per square foot on the published price. Matthew Pierce, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Malden, Massachusetts file for the 52 Crescent Avenue, Malden, Massachusetts 02148, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Malden sit in the Market section below. Filter that Malden multifamily set by closing date to see what else sold near 52 Crescent Avenue, Malden, Massachusetts 02148, United States around 2022. Published consideration for 52 Crescent Avenue, Malden, Massachusetts 02148, United States is $1.2M, dated 2022. Cite this Pierce Properties Real Estate Sells Malden Multifamily For $1.22M sale when underwriting similar multifamily product around Malden, Massachusetts.
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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93