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46-48 Newcomb Street

Stephen McKenna Of Sotheby's International Realty Represents Seller In Arlington Multifamily Sale For $1.3M
SOLDMultiFamily

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.

Players

Stephen McKenna

Sotheby's International Realty

Broker

$19.6M

vol

15 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93