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Stephen Bremis Realty Group Acquires Arlington Multifamily Property For $1.2M
SOLD
Massachusetts
See Similar DealsMultiFamily2,392 SF
Sold 12/01/2023
SOLD
Stephen Bremis Realty Group Acquires Arlington Multifamily Property For $1.2M
64-66 Winter Street
See Similar DealsMultiFamily2,392 SF
Sold 12/01/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$501
Total Square Footage:2,392 SF
Transaction Type:Sale
In Arlington, MA, a multifamily property at 64-66 Winter Street was recently sold for $1,200,000. The property has a total square footage of 2,392 and a price per square foot of $502.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Square Footage: 2,392
- Price Per Square Foot: $502
- Address: 64-66 Winter Street, Arlington, MA
- Market: Arlington, MA
Stephen Bremis of Steve Bremis Realty Group represented the buyer, while Giovanna Colabraro of Keller Williams Realty Boston South West acted as the seller's representative in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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