Redfin Corp Acquires Multifamily Property In Belmont, MA For $1.16M
15-15A Frederick St, Belmont, Massachusetts, USA
$1,156,000
$464/SF
Building Size
2,490 SF
Asset Type
MultiFamily
Closing
Oct 18, 2021
AI
A multifamily property located at 15-15A Frederick St in Belmont, MA was recently sold for a price of $1,156,000. The property spans across 2,490 square feet, resulting in a price per square foot of $464.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,156,000
- Address: 15-15A Frederick St, Belmont, MA
- Market: Belmont, MA
The buyer's representative in this transaction was Elynn Chen from Redfin Corp. On the seller's side, the Jim & Mike Savas Team from Berkshire Hathaway HomeServices Commonwealth Real Estate represented the property. These individuals and companies played crucial roles in facilitating the sale of the multifamily property in Belmont, MA.
Players
Belmont MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.72%
Cash-on-Cash
-3.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93