Updated Dec 21, 2023
Martha Brown Acquires Multifamily Property In Belmont For $1.515M
14 Cushing Avenue, Belmont, Massachusetts 02478, United States
$1,515,000
$432/SF
Building Size
3,507 SF
Asset Type
MultiFamily
Closing
Apr 3, 2022
About this deal
AI
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.
Players
Belmont 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
10.47%
Cash-on-Cash
-2.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93