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

Property Image
SOLD
$1,100,000
Joan Kelly
Siu Fu Lau

Massachusetts

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MultiFamily3,093 SF
Sold 08/30/2023
the dealplayerscompscontact
Property Image
SOLD

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

86 Wyoming Avenue

See Similar Deals
MultiFamily3,093 SF
Sold 08/30/2023
Joan Kelly
Siu Fu Lau
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$355
Total Square Footage:3,093 SF
Transaction Type:Sale

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
Joan Kelly
1 deal$1.1M volume(978) 250-3900
BROKER
Siu Fu Lau
Compass
Siu Fu Lau
2 deals$4.8M volume(617) 755-9388
BROKER

Details

SOLD
IMAGE: Siufu Lau DATE: 08/30/2023 ADDRESS: 86 Wyoming Avenue MARKET: Malden, MA ASSET TYPE: Multifamily BUYER'S REP: Siufu Lau (@SiufuGodfreyLau) - Compass (@Compass) SELLER'S REP: Joan Kelly - Sterling Stone Real Estate SALE PRICE: $1,100,000 SF: 3,093 ~ PPSF: $356 NOTE: On August 30, 2023, a multifamily property in Malden, MA, at 86 Wyoming Avenue, was sold for $1,100,000, achieving a price per square foot of $356. The buyer was represented by Siufu Lau from Compass, while the seller was represented by Joan Kelly from Sterling Stone R.E., Inc.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$3,908.06
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