Updated Dec 4, 2024
Multifamily Property In Malden, MA Sold For $1.1M With Buyer's Rep Siufu Lau & Seller's Rep Joan Kelly
86 Wyoming Avenue
$1,100,000
$355/SF
Building Size
3,093 SF
Asset Type
MultiFamily
Closing
Aug 30, 2023
About this deal
AI
On August 30, 2023, a multifamily property in Malden, MA, located at 86 Wyoming Avenue, was sold for a total price of $1,100,000. This property has a total area of 3,093 square feet, resulting in a price per square foot of $356.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 86 Wyoming Avenue, Malden, MA
- Market: Malden, MA
The buyer's representative in this transaction was Siufu Lau from Compass, a real estate brokerage firm. Siufu Lau assisted the buyer throughout the sale process. On the other side, Joan Kelly, representing Sterling Stone Real Estate, acted as the seller's representative. Together, these professionals facilitated the successful completion of the sale.
On the Map
$1,100,000
$355/SF
MultiFamily
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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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93