Marcus & Millichap Sells 24-Unit Multifamily Property In Arlington, MA For $6.2M
SOLD
$6,200,000
Massachusetts
See Similar DealsMultiFamily28,928 SF
Sold 12/22/2021
SOLD
Marcus & Millichap Sells 24-Unit Multifamily Property In Arlington, MA For $6.2M
924 Massachusetts Avenue, Arlington, Massachusetts 02476, United States
See Similar DealsMultiFamily28,928 SF
Sold 12/22/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$214
Total Square Footage:28,928 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$330,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96
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