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14 Ripley Street

Lyhua Wu Purchases Multifamily Property At 14 Ripley Street Malden For $1.7M With Rose Hall As Buyer's Rep
SOLDMultiFamily

Lyhua Wu Purchases Multifamily Property At 14 Ripley Street Malden For $1.7M With Rose Hall As Buyer's Rep

14 Ripley Street

$1,700,000

$309/SF

Building Size

5,499 SF

Asset Type

MultiFamily

Closing

Nov 22, 2024

AI

The asset involved in the transaction is a multifamily property located at 14 Ripley Street, Malden, MA. The transaction was completed for a sale price of $1,700,000. The property comprises 6 units, spanning a total square footage of 5,499, which translates to a per-unit price of $283,333 and a price per square foot of $309.

Summary of transaction details:

This transaction involved key representatives including Rose Hall from Blue Ocean Property Management representing the buyer and Dan Pouladian & Sara Pouladian from Northshore Realty Advisors representing the seller, facilitating the smooth transfer of this multifamily asset.

Players

Rose Hall

Blue Ocean Property Management

Broker

$12.5M

vol

7 deals

Broker

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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93