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Stephen McKenna Facilitates $1.45M Sale Of Multifamily Asset In Arlington, MA
SOLD
$1,450,000
Massachusetts
See Similar DealsMultiFamily2,750 SF
Sold 04/12/2024
SOLD
Stephen McKenna Facilitates $1.45M Sale Of Multifamily Asset In Arlington, MA
5-7 Belknap Street
See Similar DealsMultiFamily2,750 SF
Sold 04/12/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$527
Total Square Footage:2,750 SF
Transaction Type:Sale
5-7 Belknap St in Arlington, MA sold for $1.45 million, featuring a cherished two-family home in East Arlington with room for updates and expansion, offering convenience to amenities like the Bike Path, Mass Ave, and Alewife, appealing to a range of lifestyles, developers, and investors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Units: 2
- Price per Unit: $725,000
- Square Footage: 2,750
- Price per Square Foot: $527
- Address: 5-7 Belknap Street
- Market: Arlington, MA
Stephen McKenna of Gibson Sotheby's International Realty was the broker representing the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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