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Nana Pan Of Y & Z Fidelity Realty Acquires Multifamily Property On Massachusetts Avenue For $2.8M
SOLD
$2,800,000
Massachusetts
See Similar DealsMultiFamily7,081 SF
Sold 11/22/2023
SOLD
Nana Pan Of Y & Z Fidelity Realty Acquires Multifamily Property On Massachusetts Avenue For $2.8M
925 Massachusetts Avenue
See Similar DealsMultiFamily7,081 SF
Sold 11/22/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$395
Total Square Footage:7,081 SF
Transaction Type:Sale
A multifamily property located at 925 Massachusetts Avenue in Arlington, MA has recently been sold. The property was purchased for $2,800,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Square Footage: 7,081
- Price per Square Foot: $395
- Address: 925 Massachusetts Avenue, Arlington, MA
- Market: Arlington, MA
The buyer was represented by Nana Pan of Y & Z Fidelity Realty. Carl Christie served as the seller's representative.
Note: Nana Pan of Y & Z Fidelity Realty acted as the buyer's representative in this transaction, while Carl Christie represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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