Updated Dec 21, 2023
Mike DelRose Real Estate Team Acquires Multifamily Property On Grafton St For $1.6M
31-33 Grafton St, Arlington, Massachusetts, USA
$1,605,000
$451/SF
Building Size
3,556 SF
Asset Type
MultiFamily
Closing
Oct 25, 2021
About this deal
AI
The multifamily property located at 31-33 Grafton St in Arlington, MA was recently sold for a price of $1,605,000. The transaction took place on 10/25/2021. The property spans a total area of 3,556 square feet, resulting in a price per square foot of $451.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,605,000
- Date: 10/25/2021
- Address: 31-33 Grafton St
- Market: Arlington, MA
- Square Footage: 3,556
- Price Per Square Foot: $451
The buyer was represented by Mike DelRose Real Estate Team from RE/MAX Revolution, while the seller was represented by Jonathan Nyberg from Old New England Properties.
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
9.88%
Cash-on-Cash
-2.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93