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

Property Image
SOLD
$1,375,000
Stephen (Steve) McKenna
Noah Pearlstein

Massachusetts

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MultiFamily2,466 SF
Sold 06/27/2024
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Property Image
SOLD

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

124-126 Crescent Hill Avenue

See Similar Deals
MultiFamily2,466 SF
Sold 06/27/2024
Stephen (Steve) McKenna
Noah Pearlstein
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$557
Total Square Footage:2,466 SF
Transaction Type:Sale

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 (Steve) McKenna
Sotheby's International Realty
Stephen McKenna
15 deals$19.6M volume
BROKER
Noah Pearlstein
Sotheby's International Realty
Noah Pearlstein
2 deals$5.9M volume(781) 603-6317
BROKER

Details

SOLD
IMAGE: Noah Pearlstein & Stephen McKenna DATE: 06/27/2024 ADDRESS: 124-126 Crescent Hill Avenue MARKET: Arlington, MA ASSET TYPE: Multifamily BROKERS: Noah Pearlstein (@NoahSellsHouses) & Stephen McKenna - Sotheby's International Realty (@SothebysRealty) SALE PRICE: $1,375,000 UNITS: 2 ~ PPU: $687,500 SF: 2,466 ~ PPSF: $558 NOTE: 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.

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

$73,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,518.20
Annual Debt Service$78,218.42