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RE/MAX Harmony & RE/MAX Executive Realty Broker Deal For $1.2M Multifamily Sale In Arlington, MA

Property Image
SOLD
$1,200,000
Paul Shao
David Ladner

Massachusetts

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MultiFamily2,634 SF
Sold 02/01/2021
the dealplayerscompscontact
Property Image
SOLD

RE/MAX Harmony & RE/MAX Executive Realty Broker Deal For $1.2M Multifamily Sale In Arlington, MA

66-68 Brooks Avenue, Arlington, MA, USA

See Similar Deals
MultiFamily2,634 SF
Sold 02/01/2021
Paul Shao
David Ladner
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$455
Total Square Footage:2,634 SF
Transaction Type:Sale

Located at 66-68 Brooks Avenue in Arlington, MA, this multifamily property was recently sold for $1,200,000. The transaction took place on 02/01/2021, with a total square footage of 2,634. The price per square foot for this property was $456.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 66-68 Brooks Avenue, Arlington, MA
  • Market: Arlington, MA
  • Seller's Representative: David Ladner - RE/MAX Harmony
  • Buyer's Representative: Paul Shao - RE/MAX Executive Realty
  • Square Footage: 2,634
  • Price per Square Foot: $456

David Ladner from RE/MAX Harmony represented the seller in this transaction, while Paul Shao from RE/MAX Executive Realty represented the buyer. Both parties played a crucial role in the successful completion of this sale.

Players

Paul Shao
Re/Max
Paul Shao
1 deal$1.2M volume
BROKER
David Ladner
Re/Max
David Ladner
4 deals$4.7M volume
BROKER

Details

SOLD
IMAGE: David Ladner & Paul Shao DATE: 02/01/2021 ADDRESS: 66-68 Brooks Avenue MARKET: Arlington, MA ASSET TYPE: Multifamily SELLER'S REP: David Ladner - RE/MAX Harmony BUYER'S REP: Paul Shao RE/MAX Executive Realty SALE PRICE: $1,200,000 SF: 2,634 ~ PPSF: $456

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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