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:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 10-12 Norcross Circle
- Market: Arlington, MA
- Buyer's Rep: Femion Mezini & Michael Lord - Capital Realty Group
- Seller's Rep: Kenneth Leva - Gibson Sotheby's International Realty
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
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