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90 Ashland Street

Updated Dec 4, 2024

Hongmei Wang Of HMW Real Estate Acquires Multifamily Property In Malden For $1.352M
SOLDMultiFamily

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:

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

Hongmei Wang

Hmw Real Estate

Broker

$2.5M

vol

2 deals

Broker

Malden MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $333 per square foot on a published $1.4M for 4,051 square feet (2024).

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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

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