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18-20 Jonathan Street, Belm...

Berkshire Hathaway HomeServices Acquires Multifamily Property In Belmont, MA For $1.2M
SOLDMultiFamily

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

Victoria Zimmerman

Berkshire Hathaway HomeServices

Broker

$1.2M

vol

1 deal

Broker

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

13.16%

Cash-on-Cash

-3.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93