Updated Dec 21, 2023
Redfin Corp. Acquires Multifamily Property In Belmont, MA
25 Clyde Street, Belmont, Massachusetts 02478, United States
$1,350,000
$463/SF
Building Size
2,915 SF
Asset Type
MultiFamily
Closing
Feb 23, 2022
About this deal
AI
A multifamily property located at 23-25 Clyde St in Belmont, MA has been sold for $1,350,000. The property spans 2,915 square feet, resulting in a price per square foot of $463.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 23-25 Clyde St, Belmont, MA
- Market: Belmont, MA
The buyer of the property was represented by Ying Chen from Redfin Corp, while the seller was represented by the Mike DelRose Team from Re/Max Revolution.
The multifamily sale at 25 Clyde Street, Belmont, Massachusetts 02478, United States in Belmont, Massachusetts sold for $1.4M in 2022. Reported inventory is 2,915 square feet across 1 units, or about 463 per square foot. Ying Chen, Redfin, Re/Max appear on the sale alongside Redfin, Re/Max. This page is the Belmont, Massachusetts file for the 25 Clyde Street, Belmont, Massachusetts 02478, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Belmont sit in the Market section below. Filter that Belmont multifamily set by closing date to see what else sold near 25 Clyde Street, Belmont, Massachusetts 02478, United States around 2022. Published consideration for 25 Clyde Street, Belmont, Massachusetts 02478, United States is $1.4M, dated 2022. Cite this Redfin Corp. Acquires Multifamily Property In Belmont, MA sale when underwriting similar multifamily product around Belmont, Massachusetts.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93