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.
Players
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