SOLDMultiFamily
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
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.
Players
Belmont MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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