Updated Dec 4, 2024
Hongmei Wang Of HMW Real Estate Acquires Multifamily Property In Malden For $1.352M
90 Ashland Street
$1,352,000
$333/SF
Building Size
4,051 SF
Asset Type
MultiFamily
Closing
Jul 12, 2024
About this deal
AI
A newly rebuilt two-family home located at 90 Ashland Street in Malden, MA, features 7 bedrooms and 4 bathrooms across a total square footage of 4,051. The property was sold for $1,352,000, translating to a price per unit of $676,000 and a price per square foot of $334.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,352,000
- Units: 2
- Square Footage: 4,051
- Price Per Unit: $676,000
- Price Per Square Foot: $334
- Buyer’s Representative: Hongmei Wang - Hmw Real Estate
- Seller’s Representative: Kristin Gennetti - Century 21 North East
The transaction involved Hongmei Wang representing the buyer, HMW Real Estate, LLC, while the seller was represented by Kristin Gennetti of Century 21 North East. The completed transaction reflects the modern amenities and separate units of the property.
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
11.73%
Cash-on-Cash
-3.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93