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102 Arlington St Framingham...

Hongfang Yang Acquires Multifamily Property On Arlington Street For $533K
SOLDMultiFamily

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

Nelson Otuechere

NCO Realty Group

Broker

$22.1M

vol

14 deals

Broker

Hongfang Yang

Buyer

$3.5M

vol

3 deals

Buyer

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