Berkshire Hathaway HomeServices Acquires Multifamily Property In Belmont, MA For $1.2M
18-20 Jonathan Street, Belmont, Massachusetts, USA
$1,205,000
$456/SF
Building Size
2,640 SF
Asset Type
MultiFamily
Closing
May 28, 2021
AI
An multifamily property located at 18-20 Jonathan St in Belmont, MA was recently sold for $1,205,000. The property spans across a total of 2,640 square feet, resulting in a price per square foot of $456. This transaction took place on 05/28/21 and was facilitated by brokers Victoria Zimmerman and Margaret Vogel from Berkshire Hathaway HomeServices Warren Residential.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,205,000
- Address: 18-20 Jonathan St, Belmont, MA
- Market: Belmont, MA
- Brokers: Victoria Zimmerman & Margaret Vogel - Berkshire Hathaway HomeServices Warren Residential
- SF: 2,640
- PPSF: $456
The sale of this multifamily property was successfully conducted by brokers Victoria Zimmerman and Margaret Vogel from Berkshire Hathaway HomeServices Warren Residential. Their expertise and guidance played a crucial role in finalizing the transaction.
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
13.16%
Cash-on-Cash
-3.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93