Pierce Properties Real Estate Sells Malden Multifamily For $1.22M
SOLD
$1,220,000
Massachusetts
See Similar DealsMultiFamily4,904 SF
Sold 05/26/2022
SOLD
Pierce Properties Real Estate Sells Malden Multifamily For $1.22M
52 Crescent Avenue, Malden, Massachusetts 02148, United States
See Similar DealsMultiFamily4,904 SF
Sold 05/26/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$248
Total Square Footage:4,904 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,066.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,334.41
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,783.42
Annual Debt Service$69,401.07
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