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.
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
15.25%
Cash-on-Cash
-4.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93