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
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.
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