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124-126 Crescent Hill Avenue

Noah Pearlstein & Stephen McKenna Sell Arlington Multifamily For $1.375M
SOLDMultiFamily

Noah Pearlstein & Stephen McKenna Sell Arlington Multifamily For $1.375M

124-126 Crescent Hill Avenue

$1,375,000

$557/SF

Building Size

2,466 SF

Asset Type

MultiFamily

Closing

Jun 27, 2024

AI

The property at 124-126 Crescent Hill Ave, Arlington, MA 02474, sold for $1,375,000. This meticulously maintained two-family home in Arlington Heights offers versatile living options with a first-floor unit featuring a single-level layout and a second-floor unit spanning two levels, providing spacious interiors ideal for both investment and primary residence.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,375,000
  • Units: 2
  • Price Per Unit: $687,500
  • Square Footage: 2,466
  • Price Per Square Foot: $558
  • Address: 124-126 Crescent Hill Ave, Arlington, MA 02474
  • Market: Arlington, MA

Noah Pearlstein and Stephen McKenna of Sotheby's International Realty were the brokers representing the deal.

Players

Stephen McKenna

Sotheby's International Realty

Broker

$19.6M

vol

15 deals

Broker

Arlington MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.54%

Cash-on-Cash

-3.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93