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1-3 Mary St, Arlington, Mas...

Adam Shulman Acquires Multifamily Property In Arlington, MA For $1.32M
SOLDMultiFamily

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

Glenna Gelineau

Broker

$16.5M

vol

9 deals

Broker

Arlington 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

12.02%

Cash-on-Cash

-3.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93