SOLDMultiFamily
Tenzin Tsarong Of Coldwell Banker Acquires Malden Multifamily Property As Buyer's Rep For $1.03M
55-57 Presley Street
$1,030,000
$333/SF
Building Size
3,093 SF
Asset Type
MultiFamily
Closing
Jan 31, 2024
AI
A multifamily property located at 55-57 Presley Street in Malden, MA, was sold for $1,030,000. The property spans 3,093 square feet, resulting in a price per square foot of $333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,030,000
- Address: 55-57 Presley Street
- Market: Malden, MA
Tenzin Tsarong of Coldwell Banker in Newton represented the buyer, while Danny Zheng of Keller Williams represented the seller in the transaction.
Players
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
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93