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3-5 Quincy Street

The Sarkis Team - Douglas Elliman Real Estate Acquires Arlington Multifamily For $1,040,000
SOLDMultiFamily

The Sarkis Team - Douglas Elliman Real Estate Acquires Arlington Multifamily For $1,040,000

3-5 Quincy Street

$1,040,000

$409/SF

Building Size

2,542 SF

Asset Type

MultiFamily

Closing

Dec 20, 2023

AI

A multifamily property located at 3-5 Quincy Street in Arlington, MA, has been successfully traded for a sale price of $1,040,000. The property spans a total square footage of 2,542, resulting in a price per square foot of $409.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,040,000
  • Square Footage: 2,542
  • Price Per Square Foot: $409
  • Address: 3-5 Quincy Street, Arlington, MA
  • Market: Arlington, MA

The transaction involved The Sarkis Team, representing the buyer, from Douglas Elliman Real Estate, and Joselin Malkhasian, representing the seller, from Lamacchia Realty.

Players

Joselin Malkhasian

Lamacchia Realty

Broker

$4.5M

vol

4 deals

Broker

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

15.25%

Cash-on-Cash

-4.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93