Updated Dec 4, 2024
Chris Kavakian's CK Realty Group Acquires Multifamily Property In Belmont, MA For $1.125M
21-23 Wiley Road
$1,125,000
$374/SF
Building Size
3,006 SF
Asset Type
MultiFamily
Closing
Oct 11, 2023
About this deal
AI
A multifamily property located at 21-23 Wiley Road in Belmont, Massachusetts, has been sold for $1,125,000. The property has a total square footage of 3,006, resulting in a price per square foot of $374.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Address: 21-23 Wiley Road, Belmont, MA
- Market: Belmont, MA
- Buyer's Rep: Chris Kavakian - CK Realty Group LLC
- Seller's Rep: Thomas Gavin - Tom Gavin Realty
The transaction was facilitated by Chris Kavakian of CK Realty Group LLC, who represented the buyer, and Thomas Gavin of Tom Gavin Realty, who represented the seller.
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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93