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36-38 Bowdoin Street

Maureen Mulrooney Of Re/Max Represents Buyer In $1.345M Arlington Multifamily Sale
SOLDMultiFamily

Maureen Mulrooney Of Re/Max Represents Buyer In $1.345M Arlington Multifamily Sale

36-38 Bowdoin Street

$1,345,000

$433/SF

Building Size

3,106 SF

Asset Type

MultiFamily

Closing

Jul 26, 2024

AI

36-38 Bowdoin Street, Arlington, MA, is a two-family property located in East Arlington. This multifamily asset has a sale price of $1,345,000, comprises 3,106 square feet, and features a price per unit of $672,500 and a price per square foot of $433. The property is close to public transit and local amenities with the first unit offering 2 beds and 1 bath, while the second unit provides 3 beds and 1 bath. Both units include modern updates, air conditioning, and in-unit laundry facilities.

Summary of transaction details:

Maureen Mulrooney represented the buyer in this transaction, while the seller was represented by Sammy Chen. Both agents are affiliated with their respective real estate agencies, facilitating the sale of this multifamily property in Arlington.

Players

Sammy Chen

Denkar Realty Group

Broker

$8.9M

vol

7 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

11.79%

Cash-on-Cash

-3.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93