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14 Varnum Street, Arlington...

Gibson Sotheby's International Realty Sells Multifamily Property In Arlington, MA For $1.3M
SOLDMultiFamily

Gibson Sotheby's International Realty Sells Multifamily Property In Arlington, MA For $1.3M

14 Varnum Street, Arlington, MA 02474

$1,300,000

$379/SF

Building Size

3,429 SF

Asset Type

MultiFamily

Closing

Dec 15, 2021

AI

A multifamily property located at 14 Varnum St in Arlington, MA was recently sold for $1,300,000. The property spans across 3,429 square feet, resulting in a price per square foot of $379. The sale took place on 12/15/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Address: 14 Varnum St, Arlington, MA
  • Market: Arlington, MA

The sale was facilitated by Steve McKenna and The Home Advantage Team from Gibson Sotheby's International Realty. They acted as the brokers in the transaction and represented the parties involved in 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

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93