facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

690 Massachusetts Ave Bosto...

Yi Cao Acquires Multifamily Property In Malden, MA For $1.668M
SOLDMultiFamily

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

Dennis Kelleher

Horvath & Tremblay

Broker

$565M

vol

97 deals

Broker

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