LAER Realty Partners Acquires Multifamily Property In Arlington, MA For $1M

The multifamily property located at 38-40 Newport St in Arlington, MA has been sold for a total price of $1,000,000. The property consists of 2 units with a price per unit of $500,000. The total square footage of the property is 2,224, resulting in a price per square foot of $450.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,000,000
• Address: 38-40 Newport St
• Market: Arlington, MA
• Buyer's Representative: Button & Co. - LAER Realty Partners
• Seller's Representative: Steve McKenna & The Home Advantage Team - Gibson Sotheby's International Realty
• Units: 2
• Price per Unit: $500,000
• Square Footage: 2,224
• Price per Square Foot: $450

The buyer was represented by Button & Co. from LAER Realty Partners, while the seller was represented by Steve McKenna & The Home Advantage Team from Gibson Sotheby's International Realty.