Douglas Elliman Acquires Multifamily Property In Arlington For $1.33M
SOLD
$1,330,000
Massachusetts
See Similar DealsMultiFamily4,486 SF
Sold 03/22/2021
SOLD
Douglas Elliman Acquires Multifamily Property In Arlington For $1.33M
72 Walnut Street, Arlington, Massachusetts, USA
See Similar DealsMultiFamily4,486 SF
Sold 03/22/2021
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.
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Deal Type
30 years
10 years
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
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