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
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.
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