Marcus & Millichap Sells 24-Unit Multifamily Property In Arlington, MA For $6.2M
924 Massachusetts Avenue, Arlington, Massachusetts 02476, United States
$6,200,000
$214/SF
Building Size
28,928 SF
Asset Type
MultiFamily
Closing
Dec 22, 2021
AI
A multifamily property located at 924 Massachusetts Ave in Arlington, MA has been sold for a total price of $6,200,000. The property consists of 24 units, offering an average price per unit of $258,333. The total square footage of the property is 28,928, resulting in a price per square foot of $214.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,200,000
- Units: 24
- Price per Unit: $258,333
- Square Footage: 28,928
- Price per Square Foot: $214
- Market: Arlington, MA
The sale was facilitated by John Craig from Marcus & Millichap, who represented the parties involved.
Players
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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93