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1530 Massachusetts Avenue A...

1530 Massachusetts Avenue Multifamily Sells For $1.02M With Buyer's Rep Steven Mango & Seller's Rep Stephen McKenna
SOLDMultiFamily

1530 Massachusetts Avenue Multifamily Sells For $1.02M With Buyer's Rep Steven Mango & Seller's Rep Stephen McKenna

1530 Massachusetts Avenue Arlington, MA 02476, USA

$1,020,000

$316/SF

Building Size

3,219 SF

Asset Type

MultiFamily

Closing

Aug 16, 2023

AI

A multifamily property located at 1530 Massachusetts Avenue in Arlington, Massachusetts, has recently been sold for a price of $1,020,000. The property spans 3,219 square feet and has a price per square foot of $317.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,020,000
  • Square Footage: 3,219
  • Price per Square Foot: $317
  • Address: 1530 Massachusetts Avenue, Arlington, MA
  • Market: Arlington, MA

The successful sale of this multifamily property was facilitated by Steven Mango from Startpoint Realty, who represented the buyer, and Stephen McKenna from Gibson Sotheby's International Realty, who represented the seller.

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

15.55%

Cash-on-Cash

-4.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93