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86 Wyoming Avenue

Multifamily Property In Malden, MA Sold For $1.1M With Buyer's Rep Siufu Lau & Seller's Rep Joan Kelly
SOLDMultiFamily

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

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.

Players

Joan Kelly

Sterling Stone Real Estate

Broker

$1.1M

vol

1 deal

Broker

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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93