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

Property Image
SOLD
$1,020,000
Stephen (Steve) McKenna
Steven (Steve) Mango

Massachusetts

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MultiFamily3,219 SF
Sold 08/16/2023
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
MultiFamily3,219 SF
Sold 08/16/2023
Stephen (Steve) McKenna
Steven (Steve) Mango
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$316
Total Square Footage:3,219 SF
Transaction Type:Sale

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 (Steve) McKenna
Sotheby's International Realty
Stephen McKenna
15 deals$19.6M volume
BROKER
Steven (Steve) Mango
StartPoint Realty
Steven Mango
1 deal$1M volume(781) 820-3530
BROKER

Details

SOLD
IMAGE: Steven Mango & Stephen McKenna DATE: 08/16/2023 ADDRESS: 1530 Massachusetts Avenue MARKET: Arlington, MA ASSET TYPE: Multifamily BUYER'S REP: Steven Mango - Startpoint Realty (@StartpointRealty) SELLER'S REP: Stephen McKenna - Gibson Sotheby's International Realty (@Gibson_sir) SALE PRICE: $1,020,000 SF: 3,219 ~ PPSF: $317 NOTE: A multifamily property at 1530 Massachusetts Avenue in Arlington, Massachusetts, recently changed hands in a successful sale, fetching a price of $1,020,000.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,623.84
Cash-on-Cash Return-1.27%
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