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
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