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Gibson Sotheby's Realty Sells Arlington Multifamily For $1M
SOLD
$1,000,000
+ 2
Massachusetts
See Similar DealsMultiFamily2,222 SF
Sold 09/29/2023
SOLD
Gibson Sotheby's Realty Sells Arlington Multifamily For $1M
97 Sylvia Street
See Similar DealsMultiFamily2,222 SF
Sold 09/29/2023
+ 2
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$450
Total Square Footage:2,222 SF
Transaction Type:Sale
A multifamily property located at 97 Sylvia Street in Arlington, MA has been sold for a price of $1,000,000. The property spans a total area of 2,222 square feet, resulting in a price per square foot of $450.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 97 Sylvia Street, Arlington, MA
- Market: Arlington, MA
- Buyer's Representative: Heather Aordkian from William Raveis Real Estate - Lexington
- Seller's Representatives: Elizabeth Hayes, Katherine Tolman, Max Dublin, & Sarah Nastasia from Gibson Sotheby's International Realty
Heather Aordkian from William Raveis Real Estate - Lexington represented the buyer in this transaction. On the other hand, Elizabeth Hayes, Katherine Tolman, Max Dublin, and Sarah Nastasia from Gibson Sotheby's International Realty acted as the seller's representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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