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Stephen Bremis Realty Group Acquires Arlington Multifamily Property For $1.2M

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SOLD
$1,200,000

Massachusetts

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MultiFamily2,392 SF
Sold 12/01/2023
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Property Image
SOLD

Stephen Bremis Realty Group Acquires Arlington Multifamily Property For $1.2M

64-66 Winter Street

See Similar Deals
MultiFamily2,392 SF
Sold 12/01/2023
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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.

Players

Stephen (Steve) Bremis
8 deals$11.4M volume
BROKER

Giovanna Colabraro
Keller Williams Realty
2 deals$2.6M volume
BROKER

Details

SOLD
IMAGE: Stephen Bremis & Giovanna Colabraro DATE: 12/01/2023 ADDRESS: 64-66 Winter Street MARKET: Arlington, MA ASSET TYPE: Multifamily BUYER'S REP: Stephen Bremis (@SteveBremisTeam) - Steve Bremis Realty Group SELLER'S REP: Giovanna Colabraro - Keller Williams Realty Boston South West (@KellerWilliamsBSW) SALE PRICE: $1,200,000 SF: 2,392 ~ PPSF: $502 NOTE: In Arlington, MA, a multifamily property at 64-66 Winter Street was recently sold for $1,200,000. Stephen Bremis of Steve Bremis Realty Group represented the buyer, while Giovanna Colabraro of Keller Williams acted as the seller's representative in the transaction.

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Deal Type
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