LAER Realty Partners Acquires Multifamily Property In Arlington, MA For $1M
38 Newport St, Arlington, Massachusetts 02476, United States
$1,000,000
$449/SF
Building Size
2,224 SF
Asset Type
MultiFamily
Closing
Jan 17, 2022
AI
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.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93