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5-7 Belknap Street

Stephen McKenna Facilitates $1.45M Sale Of Multifamily Asset In Arlington, MA
SOLDMultiFamily

Stephen McKenna Facilitates $1.45M Sale Of Multifamily Asset In Arlington, MA

5-7 Belknap Street

$1,450,000

$527/SF

Building Size

2,750 SF

Asset Type

MultiFamily

Closing

Apr 12, 2024

AI

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.

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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93