Stephen McKenna Of Sotheby's International Realty Represents Seller In Arlington Multifamily Sale For $1.3M
46-48 Newcomb Street
$1,300,000
$459/SF
Building Size
2,828 SF
Asset Type
MultiFamily
Closing
Jul 1, 2024
AI
The multifamily property located at 46-48 Newcomb Street in Arlington, MA, has been sold for $1,300,000. The asset spans a total of 2,828 square feet, resulting in a price per square foot of $460. This well-maintained two-family home includes updated kitchens and bathrooms, ample storage space, and features recent improvements such as new windows, a new roof, and fresh exterior painting.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 46-48 Newcomb Street
- Market: Arlington, MA
- Square Footage: 2,828
- Price Per Square Foot: $460
- Buyer's Representative: Dream Team - Dreamega International Realty
- Seller's Representative: Stephen McKenna - Sotheby's International Realty
The buyer was represented by Dream Team from Dreamega International Realty, while the seller was represented by Stephen McKenna of Sotheby's International Realty. This transaction presents an opportunity for homebuyers and investors, particularly due to its advantageous location near shops and restaurants in East Arlington.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93