Updated Oct 23, 2026
SOLDMultiFamily
Andreas Tsitos Purchases MultiFamily Asset At 69 Cedar Street Malden For $2.5M
69 Cedar Street
$2,500,000
$455/SF
Building Size
5,486 SF
Asset Type
MultiFamily
Closing
Oct 15, 2026
About this deal
AI
The transaction involved a multi-family property located at 69 Cedar Street in Malden, MA. The sale price was set at $2,500,000 for the total of 12 efficiency units, amounting to a price per unit of $208,333. The total square footage of the property is 5,486, which reflects a price per square foot of $455.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,500,000
- Units: 12
- Price Per Unit: $208,333
- Square Footage: 5,486
- Price Per Square Foot: $455
- Buyer: Andreas Tsitos
- Seller: Robert Krauss
- Broker: Rich Cawley - United Multi Family
Rich Cawley of United Multi Family facilitated the transaction, representing the sale of the property from Robert Krauss of 566 Beach St LLC to Andreas Tsitos of United Properties. The deal involved multiple parties, with the broker playing a crucial role in connecting the buyer and seller to complete the transaction.
On the Map
$2,500,000
$455/SF
MultiFamily
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Players
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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93