Hongfang Yang Acquires Multifamily Property On Arlington Street For $533K
102 Arlington St Framingham, MA 01702, USA
$533,000
$106/SF
Building Size
5,008 SF
Asset Type
MultiFamily
Closing
May 31, 2023
AI
A multifamily property located at 102 Arlington Street in Framingham, MA has been sold for a total price of $533,000. The property consists of two units with a price per unit of $266,500. The total square footage of the property is 5,008, resulting in a price per square foot of $106.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $533,000
- Units: 2
- Price Per Unit (PPU): $266,500
- Square Footage (SF): 5,008
- Price Per Square Foot (PPSF): $106
- Address: 102 Arlington Street, Framingham, MA
Hongfang Yang has purchased the property from Oscar Vasquez. The transaction was facilitated by Nelson Otuechere from N.C.O. Realty Group, who represented both the buyer and seller.
Players
Boston 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
29.76%
Cash-on-Cash
-8.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93