Updated Dec 18, 2023
Arlington Multifamily Sells For $1.15M With Reps Nellie Aikenhead And Robert Koritz
1-3 Newport Street, Arlington, MA, USA
$1,150,000
$371/SF
Building Size
3,092 SF
Asset Type
MultiFamily
Closing
Jan 18, 2021
About this deal
AI
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
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93