Updated Dec 4, 2024
Rebecca Huang & Pauline Marino Close $1.4M Multifamily Sale In Arlington, MA
17 Norcross Street
$1,400,000
$382/SF
Building Size
3,663 SF
Asset Type
MultiFamily
Closing
Apr 25, 2024
About this deal
AI
A triple-decker 3-family home in East Arlington at 17 Norcross Street was recently sold for $1.4 million. The property, spanning 3,663 square feet, offers investment potential for condominium conversion and rental income. Conveniently located near bus lines to Boston and major highways, the multifamily asset has a price per unit of $466,667 and a price per square foot of $382.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Units: 3
- PPU: $466,667
- SF: 3,663
- Address: 17 Norcross Street
- Market: Arlington, MA
Rebecca Huang from East West Real Estate represented the buyer in this transaction, while Pauline Marino from Coldwell Banker acted as the seller's representative.
On the Map
$1,400,000
$382/SF
MultiFamily
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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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93