Updated Sep 5, 2024
United Properties Acquires Multifamily Property In Malden, MA For $1.4M
96 Main Street, Malden, Massachusetts 02148, United States
$1,400,000
$325/SF
Building Size
4,302 SF
Asset Type
MultiFamily
Closing
Apr 21, 2022
About this deal
AI
The multifamily property located at 90-96 Main St in Malden, MA has been sold for a price of $1,400,000. The property spans across 4,302 square feet, resulting in a price per square foot of $325. The transaction took place on April 22, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 90-96 Main St, Malden, MA
- Square Footage: 4,302
- Price Per Square Foot: $325
The buyer's representative in this transaction was Andreas Tsitos from United Properties, Inc, while the seller's representative was Jose Ferreira from Morello Real Estate.
On the Map
$1,400,000
$325/SF
MultiFamily
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Players
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93