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The Point at 180 180 Eastern Ave 86 Unit Apartment Building For Sale Malden, MA 02148
Investment Highlights
- 100% MARKET-RATE APARTMENT COMMUNITY WITH DESIRABLE AMENITY PACKAGE
- TRANSIT ORIENTED, ORANGE LINE CORRIDOR LIVING WITH 96/100 WALKSCORE
- STRONG TRENDS WITH FURTHER UPSIDE IN RENTS
- HEALTHY SUBMARKET FUNDAMENTALS & DISCOUNT TO MALDEN CENTER COMPS
Executive Summary
CBRE Capital Markets has been exclusively retained to sell Point at 180, a fully market-rate apartment community offering a convenient infill location in Malden Center, MA. We are offering this property for sale without an asking price and will be conducting tours with a call-for-offers to follow shortly thereafter.
Property Facts
| Sale Type | Investment | Building Size | 86,000 SF |
| No. Units | 86 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2017 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.35/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | R5 - R5 - Medium density district with a height limit of 40 feet | ||
| Sale Type | Investment |
| No. Units | 86 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Building Size | 86,000 SF |
| Average Occupancy | 95% |
| No. Stories | 5 |
| Year Built | 2017 |
| Parking Ratio | 0.35/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R5 - R5 - Medium density district with a height limit of 40 feet |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Heating
Site Amenities
- 24 Hour Access
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | MALD-000086-000268-000803 | Improvements Assessment | $17,031,300 |
| Land Assessment | $6,699,400 | Total Assessment | $23,730,700 |
Property Taxes
Parcel Number
MALD-000086-000268-000803
Land Assessment
$6,699,400
Improvements Assessment
$17,031,300
Total Assessment
$23,730,700
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Videos
Matterport 3D Exterior
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Photos
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Street
Map
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The Point at 180 | 180 Eastern Ave
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