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:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Units: 6
- Price Per Unit: $283,333
- Square Footage: 5,499
- Price Per Square Foot: $309
- Buyer: Lyhua Wu
- Seller: Andreas Tsitos
- Buyer's Representative: Rose Hall - Blue Ocean Property Management
- Seller's Representatives: Dan Pouladian & Sara Pouladian - Northshore Realty Advisors
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
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