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1-3 Oak Avenue, Belmont, Ma...

Coldwell Banker Realty Acquires Multifamily Property In Belmont MA For $1.05M With Brokers Peter Bouchie & Barbara Nolan
SOLDMultiFamily

Coldwell Banker Realty Acquires Multifamily Property In Belmont MA For $1.05M With Brokers Peter Bouchie & Barbara Nolan

1-3 Oak Avenue, Belmont, Massachusetts, USA

$1,050,000

$326/SF

Building Size

3,219 SF

Asset Type

MultiFamily

Closing

Nov 15, 2021

AI

Located in Belmont, MA, the multifamily property at 1-3 Oak Avenue has recently been sold. The transaction took place on November 15, 2021, with a sale price of $1,050,000. The property spans across 3,219 square feet and boasts a price per square foot of $326.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $1,050,000
  • Address: 1-3 Oak Avenue, Belmont, MA
  • Square Footage: 3,219
  • Price per Square Foot: $326
  • Market: Belmont, MA

Peter Bouchie and Barbara Nolan from Coldwell Banker Realty represented the parties involved in this transaction. They acted as brokers for this multifamily property deal in Belmont.

Players

Peter Bouchie

Coldwell Banker

Broker

$3.3M

vol

3 deals

Broker

Worcester 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93