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376 Massachusetts Avenue, A...

$2.3M Multifamily Sale In Arlington, MA – Steve McKenna & The Home Advantage Team-Gibson Sotheby's Intl Realty
SOLDMultiFamily

$2.3M Multifamily Sale In Arlington, MA – Steve McKenna & The Home Advantage Team-Gibson Sotheby's Intl Realty

376 Massachusetts Avenue, Arlington, Massachusetts 02474, United States

$2,300,000

$303/SF

Building Size

7,586 SF

Asset Type

MultiFamily

Closing

Aug 15, 2022

AI

Located at 376-378 Mass Ave in Arlington, MA, this multifamily property was recently sold in a closed transaction. The property spans a total of 7,586 square feet and was sold for a price of $2,300,000, resulting in a price per square foot of $303. The sale was facilitated by Steve McKenna and The Home Advantage Team from Gibson Sotheby's International Realty.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,300,000
  • Address: 376-378 Mass Ave, Arlington, MA
  • Market: Arlington, MA
  • Brokers: Steve McKenna & The Home Advantage Team - Gibson Sotheby's International Realty

The sale of this multifamily property on Mass Ave was successfully completed through the dedicated efforts of Steve McKenna and The Home Advantage Team from Gibson Sotheby's International Realty. They ensured a smooth transaction process for all parties involved in the deal.

Players

Stephen McKenna

Sotheby's International Realty

Broker

$19.6M

vol

15 deals

Broker

Lexington 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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93