Zach Abaro Acquires Multifamily Property On Belmont Street, Glendale For $2.36M
312 North Belmont Street
$2,365,000
$33/SF
Building Size
71,760 SF
Asset Type
MultiFamily
Closing
Aug 27, 2020
AI
A multifamily property located at 312 N. Belmont Street in Glendale has recently been sold for a total price of $2,365,000. The property spans 7,176 square feet, resulting in a price per square foot of $329.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,365,000
- Address: 312 N. Belmont Street
- Market: Glendale
The seller of the property was Stanley Sirott, while the buyer was Zach Abaro. The sale was facilitated by brokers Eric C. Chen and Joyce Goldstein of CBRE.
Players
Glendale MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.71%
Cash-on-Cash
-1.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93