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

Property Image
SOLD
$1,200,000

Massachusetts

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MultiFamily3,217 SF
Sold 06/04/2024
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Property Image
SOLD

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

10-12 Norcross Circle

See Similar Deals
MultiFamily3,217 SF
Sold 06/04/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$373
Total Square Footage:3,217 SF
Transaction Type:Sale

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
6 deals$18.7M volume
BROKER

Kenneth Leva
Sotheby's International Realty
4 deals$5.8M volume(978) 877-8194
BROKER

Michael (Mike) Lord
Capital Realty Group
3 deals$5.9M volume(508) 395-8333
BROKER

Details

SOLD
IMAGE: Femion Mezini, Michael Lord & Kenneth Leva DATE: 06/04/2024 ADDRESS: 10-12 Norcross Circle MARKET: Arlington, MA ASSET TYPE: Multifamily BUYER'S REP: Femion Mezini (@CapitalRealtyGroup_MeziniTeam) & Michael Lord - Capital Realty Group SELLER'S REP: Kenneth Leva - Gibson Sotheby's International Realty (@Gibson_SIR) SALE PRICE: $1,200,000 SF: 3,217 ~ PPSF: $373 NOTE: 10-12 Norcross Circle in East Arlington, MA, was sold for $1,200,000, offering a spacious and inviting home featuring six bedrooms, three bathrooms, and a practical yet charming kitchen.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35