Arlington Multifamily Sells For $1.15M With Reps Nellie Aikenhead And Robert Koritz
SOLD
$1,150,000
Massachusetts
See Similar DealsMultiFamily3,092 SF
Sold 01/19/2021
SOLD
Arlington Multifamily Sells For $1.15M With Reps Nellie Aikenhead And Robert Koritz
1-3 Newport Street, Arlington, MA, USA
See Similar DealsMultiFamily3,092 SF
Sold 01/19/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$371
Total Square Footage:3,092 SF
Transaction Type:Sale
Located at 1-3 Newport Street in Arlington, MA, this multifamily property was recently sold. The property, measured at 3,092 square feet, was sold for $1,150,000, resulting in a price per square foot of $372. The transaction took place on January 19, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 1-3 Newport Street, Arlington, MA
- Market: Arlington, MA
The seller in this transaction was represented by Nellie Aikenhead from Aikenhead Real Estate, LLC. On the other hand, Robert Koritz from Robert Koritz Real Estate acted as the buyer's representative. The involvement of these individuals highlights the importance of their expertise in facilitating the deal.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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