Lamacchia Realty's Suzanna Krmzian Represents Buyer In $1.25M Multifamily Sale In Belmont, MA
SOLD
$1,250,000
Massachusetts
See Similar DealsMultiFamily2,831 SF
Sold 12/13/2021
SOLD
Lamacchia Realty's Suzanna Krmzian Represents Buyer In $1.25M Multifamily Sale In Belmont, MA
25 Payson Rd, Belmont, Massachusetts 02478, United States
See Similar DealsMultiFamily2,831 SF
Sold 12/13/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$441
Total Square Footage:2,831 SF
Transaction Type:Sale
The multifamily property located at 25-27 Payson Rd in Belmont, MA has been sold for $1,250,000. The property spans 2,831 square feet, resulting in a price per square foot of $442.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 25-27 Payson Rd, Belmont, MA
- Market: Belmont, MA
- Buyer's Representative: Suzanna Krmzian - Lamacchia Realty
- Seller's Representative: Craig Lake Team - Compass
The buyer's representative in this transaction was Suzanna Krmzian from Lamacchia Realty, while the seller's representative was the Craig Lake Team from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65
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