Yi Cao Acquires Multifamily Property In Malden, MA For $1.668M
690 Massachusetts Ave Boston, MA 02118, USA
$1,668,000
$415/SF
Building Size
4,014 SF
Asset Type
MultiFamily
Closing
Jun 8, 2023
AI
An multifamily property located at 690-692 Main Street in Malden, MA has been sold for $1,668,000. The property consists of 6 units, with each unit priced at $278,000. The total square footage of the property is 4,014, resulting in a price per square foot of $416.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,668,000
- Address: 690-692 Main Street, Malden, MA
- Units: 6
- Price per Unit: $278,000
- Square Footage: 4,014
- Price per Square Foot: $416
The buyer of the property is Yi Cao, while the seller is Andreas Tsitos. Rose Hall acted as the buyer's representative in the deal, and John Pentore & Dennis Kelleher from Horvath & Tremblay represented the seller.
Players
Boston 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
9.51%
Cash-on-Cash
-2.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93