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10-12 Norcross Circle

Capital Realty Group Acquires Multifamily Property In Arlington For $1.2M
SOLDMultiFamily

Capital Realty Group Acquires Multifamily Property In Arlington For $1.2M

10-12 Norcross Circle

$1,200,000

$373/SF

Building Size

3,217 SF

Asset Type

MultiFamily

Closing

Jun 4, 2024

AI

10-12 Norcross Circle in East Arlington, MA, was sold for $1,200,000. The multifamily property offers a spacious and inviting home with six bedrooms, three bathrooms, and a practical yet charming kitchen. Spanning 3,217 square feet, the property was transacted at a price per square foot of $373.

Summary of transaction details:

The deal involved Femion Mezini and Michael Lord from Capital Realty Group representing the buyers, and Kenneth Leva from Gibson Sotheby's International Realty representing the sellers in this successful transaction.

Players

Femion Mezini

Capital Realty Group

Broker

$18.7M

vol

6 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93