Kristen Germano Of NextHome Tradition Represents Buyer In $1.078M Arlington Multifamily Sale
27-29 Dartmouth Street
$1,078,000
$488/SF
Building Size
2,208 SF
Asset Type
MultiFamily
Closing
Sep 9, 2024
AI
A two-family property located at 27-29 Dartmouth Street in Arlington, MA, has been sold for $1,078,000. The asset encompasses a total of 2,208 square feet and features four bedrooms and two bathrooms. The property includes updates such as insulated windows and gas heating, along with parking space for four vehicles and a mature garden area.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,078,000
- Units: 2
- Price Per Unit: $539,000
- Square Footage: 2,208
- Price Per Square Foot: $488
- Buyer's Representative: Kristen Germano - NextHome Tradition
- Seller's Representative: William W. Brennan - Greater Metropolitan Real Estate
The transaction involved key representatives, with Kristen Germano representing the buyer through NextHome Tradition and William W. Brennan representing the seller from Greater Metropolitan Real Estate. These professionals facilitated the agreement for the property sale.
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
14.72%
Cash-on-Cash
-4.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93