Updated Dec 21, 2023
Compass Brokers Sell Belmont, MA Multifamily Property For $1.3M
25-29 Park Road, Belmont, Massachusetts, USA
$1,294,000
$350/SF
Building Size
3,694 SF
Asset Type
MultiFamily
Closing
Feb 3, 2021
About this deal
AI
The multifamily property located at 25-29 Park Road in Belmont, MA has been sold for a price of $1,294,000. The property spans across 3,694 square feet, resulting in a price per square foot of $350.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,294,000
- Address: 25-29 Park Road, Belmont, MA
- Market: Belmont, MA
The sale of this property was facilitated by Maggie Currier, Spencer Lane, and Chris Young from Compass.
The multifamily sale at 25-29 Park Road, Belmont, Massachusetts, USA in Belmont, Massachusetts sold for $1.3M in 2021. The building is 3,694 square feet, implying about 350 per square foot on the published price. Spencer Lane, Maggie Currier, Chris Young, Compass appear on the sale alongside Compass. This page is the Belmont, Massachusetts file for the 25-29 Park Road, Belmont, Massachusetts, USA 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 25-29 Park Road, Belmont, Massachusetts, USA around 2021. Published consideration for 25-29 Park Road, Belmont, Massachusetts, USA is $1.3M, dated 2021. Cite this Compass Brokers Sell Belmont, MA Multifamily Property For $1.3M sale when underwriting similar multifamily product around Belmont, Massachusetts.
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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
12.26%
Cash-on-Cash
-3.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93