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.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93