Wendy Wang Of Downtown Boston Real Estate Represents Buyer In 1.22M Arlington Multifamily Sale
67 Egerton Road
$1,220,000
$454/SF
Building Size
2,682 SF
Asset Type
MultiFamily
Closing
Aug 23, 2024
AI
A multifamily property located at 67-69 Egerton Road in Arlington, MA has been sold for $1,220,000. The asset consists of two units with a total of 5 bedrooms and encompasses 2,682 square feet, leading to a price per unit of $610,000 and a price per square foot of $455. The property features natural woodwork, hardwood floors, and includes a two-car garage, situated near significant amenities such as the Minuteman Bike Path and Alewife red line.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Units: 2
- Price Per Unit: $610,000
- Square Feet: 2,682
- Price Per Square Foot: $455
- Buyer's Representative: Wendy Wang - Downtown Boston Real Estate
- Seller's Representative: Doug Dodge - Coldwell Banker
The transaction involved Wendy Wang representing the buyer and Doug Dodge representing the seller. The property was owned by the same family for over 50 years before the sale took place.
Players
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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93