Adam Shulman Acquires Multifamily Property In Arlington, MA For $1.32M
SOLD
$1,320,000
Massachusetts
See Similar DealsMultiFamily2,620 SF
Sold 10/14/2021
SOLD
Adam Shulman Acquires Multifamily Property In Arlington, MA For $1.32M
1-3 Mary St, Arlington, Massachusetts, USA
See Similar DealsMultiFamily2,620 SF
Sold 10/14/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$503
Total Square Footage:2,620 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,689.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,257.47
Annual Debt Service$75,089.68
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