Adam Shulman Acquires Multifamily Property In Arlington, MA For $1.32M
1-3 Mary St, Arlington, Massachusetts, USA
$1,320,000
$503/SF
Building Size
2,620 SF
Asset Type
MultiFamily
Closing
Oct 14, 2021
AI
Located in Arlington, MA, the multifamily property at 1-3 Mary St has been sold in a recent transaction. The sale date of the property was on October 14, 2021. The property, spanning 2,620 square feet, was acquired for a total price of $1,320,000, resulting in a price per square foot of $504.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,320,000
- Market: Arlington, MA
- Square Footage: 2,620
The buyer was represented by Adam Shulman from RE/MAX Destiny, while Glenna Gelineau from Gelineau & Associates, R.E. acted as the seller's representative.
Players
Arlington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.02%
Cash-on-Cash
-3.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93