Updated Dec 4, 2024
Multifamily Sale In Belmont, MA Nets $3.75M With Buyer's Rep Maurice Obid
3 Oxford Avenue & 5 Oxford Avenue
$3,750,000
$235/SF
Building Size
7,956 SF
Asset Type
MultiFamily
Closing
Mar 15, 2024
About this deal
AI
A multifamily property located at 3 Oxford Avenue in Belmont, MA, consisting of 7,956 square feet, was recently sold for $3,750,000. The transaction price per square foot was $471. The buyer's representative in this deal was Maurice Obid from Metro Properties, while the seller was represented by Gary J. Vrotsos from Coldwell Banker.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,750,000
- Address: 3-5 Oxford Avenue
- Market: Belmont, MA
- Buyer's Rep: Maurice Obid - Metro Properties
- Seller's Rep: Gary J. Vrotsos - Coldwell Banker
The deal involved key individuals such as Maurice Obid from Metro Properties, representing the buyer, and Gary J. Vrotsos from Coldwell Banker, representing the seller. Both parties played crucial roles in closing the transaction for the multifamily property in Belmont, MA.
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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93