facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

924 Massachusetts Avenue, A...

Marcus & Millichap Sells 24-Unit Multifamily Property In Arlington, MA For $6.2M
SOLDMultiFamily

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

John Craig

Marcus & Millichap

Broker

$24.8M

vol

8 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

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93