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Douglas Elliman Acquires Multifamily Property In Arlington For $1.33M

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SOLD
$1,330,000

Massachusetts

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MultiFamily4,486 SF
Sold 03/22/2021
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Property Image
SOLD

Douglas Elliman Acquires Multifamily Property In Arlington For $1.33M

72 Walnut Street, Arlington, Massachusetts, USA

See Similar Deals
MultiFamily4,486 SF
Sold 03/22/2021
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$296
Total Square Footage:4,486 SF
Transaction Type:Sale

A multifamily property located at 72 Walnut Street in Arlington, MA has recently been sold for $1,330,000. The property spans a total area of 4,486 square feet, resulting in a price per square foot of $296.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,330,000
  • Address: 72 Walnut Street, Arlington, MA
  • Market: Arlington, MA
  • Seller's Representative: Darin Thompson - Stuart St James, Inc.
  • Buyer's Representative: Mario Massimino Team - Douglas Elliman Real Estate

The sale was facilitated by Darin Thompson from Stuart St James, Inc., representing the seller, and the Mario Massimino Team from Douglas Elliman Real Estate, representing the buyer.

Players

3 deals$4M volume
BROKER

Details

SOLD
IMAGE: Darin Thompson DATE: 03/22/2021 ADDRESS: 72 Walnut Street MARKET: Arlington, MA ASSET TYPE: Multifamily SELLER'S REP: Darin Thompson - Stuart St James, Inc. BUYER'S REP: Mario Massimino Team - Douglas Elliman Real Estate SALE PRICE: $1,330,000 SF: 4,486 ~ PPSF: $296

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$70,933.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,725.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,304.88
Annual Debt Service$75,658.54