facebook
Traded Co logo
Submit

LAER Realty Partners Acquires Multifamily Property In Arlington, MA For $1M

Property Image
SOLD
$1,000,000

Massachusetts

See Similar Deals
MultiFamily2,224 SF
Sold 01/18/2022
the dealplayerscompscontact
Property Image
SOLD

LAER Realty Partners Acquires Multifamily Property In Arlington, MA For $1M

38 Newport St, Arlington, Massachusetts 02476, United States

See Similar Deals
MultiFamily2,224 SF
Sold 01/18/2022
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$449
Total Square Footage:2,224 SF
Transaction Type:Sale

The multifamily property located at 38-40 Newport St in Arlington, MA has been sold for a total price of $1,000,000. The property consists of 2 units with a price per unit of $500,000. The total square footage of the property is 2,224, resulting in a price per square foot of $450.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Address: 38-40 Newport St
  • Market: Arlington, MA
  • Buyer's Representative: Button & Co. - LAER Realty Partners
  • Seller's Representative: Steve McKenna & The Home Advantage Team - Gibson Sotheby's International Realty
  • Units: 2
  • Price per Unit: $500,000
  • Square Footage: 2,224
  • Price per Square Foot: $450

The buyer was represented by Button & Co. from LAER Realty Partners, while the seller was represented by Steve McKenna & The Home Advantage Team from Gibson Sotheby's International Realty.

Players

Stephen (Steve) McKenna
15 deals$19.6M volume
BROKER

Details

SOLD
IMAGE: Steve McKenna DATE: 01/18/2022 ADDRESS: 38-40 Newport St MARKET: Arlington, MA ASSET TYPE: Multifamily BUYER'S REP: Button & Co. - LAER Realty Partners SELLER'S REP: Steve McKenna & The Home Advantage Team - Gibson Sotheby's International Realty SALE PRICE: $1,000,000 UNITS: 2 ~ PPU: $500,000 SF: 2,224 ~ PPSF: $450

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12