Martha Brown Acquires Multifamily Property In Belmont For $1.515M
SOLD
Massachusetts
See Similar DealsMultiFamily3,507 SF
Sold 04/04/2022
SOLD
Martha Brown Acquires Multifamily Property In Belmont For $1.515M
14 Cushing Avenue, Belmont, Massachusetts 02478, United States
See Similar DealsMultiFamily3,507 SF
Sold 04/04/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$432
Total Square Footage:3,507 SF
Transaction Type:Sale
The multifamily property located at 14 Cushing Ave in Belmont, MA has been sold for a total price of $1,515,000. The property spans across a total area of 3,507 square feet, resulting in a price per square foot of $432.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,515,000
- Market: Belmont, MA
- Address: 14 Cushing Ave
The buyer's representative in this transaction was Martha Brown from Leading Edge Real Estate, while the seller's representative was Catherine Tahajian from Coldwell Banker Realty - Belmont.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$80,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,382.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,181.87
Annual Debt Service$86,182.48
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