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67 Egerton Road

Wendy Wang Of Downtown Boston Real Estate Represents Buyer In 1.22M Arlington Multifamily Sale
SOLDMultiFamily

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:

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

Wendy Wang

Downtown Boston Real Estate

Broker

$4M

vol

3 deals

Broker

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

13.00%

Cash-on-Cash

-3.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93