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281 Park Avenue

David Hurley & Alpha Group Facilitate $1.36M Multifamily Sale In Arlington, MA
SOLDMultiFamily

David Hurley & Alpha Group Facilitate $1.36M Multifamily Sale In Arlington, MA

281 Park Avenue

$1,360,000

$433/SF

Building Size

3,141 SF

Asset Type

MultiFamily

Closing

Apr 5, 2024

AI

A rarely available two-family home located in Arlington Heights, MA, was sold for $1,360,000. The property, situated at 281 Park Avenue, offers two spacious units with wood-burning fireplaces, beamed ceilings, and built-in hutches. With a total square footage of 3,141 square feet, the sale price equated to $433 per square foot.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,360,000
  • Units: 2
  • Price Per Unit: $680,000
  • Square Footage: 3,141
  • Price Per Square Foot: $433
  • Address: 281 Park Avenue
  • Market: Arlington, MA

The transaction was facilitated by Alpha Group from Compass, representing the buyer, and David Hurley from Berkshire Hathaway HomeServices, representing the seller. This deal provides easy commuter access to Cambridge/Boston & western suburbs and is conveniently steps away from the MBTA 78 bus line.

Players

David Hurley

Berkshire Hathaway HomeServices

Broker

$5.1M

vol

4 deals

Broker

Arlington MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.66%

Cash-on-Cash

-3.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93