Compass Rep John Petrowsky Assists In $1.26M Belmont Multifamily Sale
31-33 Channing Rd, Belmont, MA, USA
$1,265,000
$481/SF
Building Size
2,628 SF
Asset Type
MultiFamily
Closing
Nov 18, 2021
AI
Located at 31-33 Channing Rd in Belmont, MA, this multifamily property was recently sold on November 19, 2021. The property spans a total of 2,628 square feet, with a sale price of $1,265,000, resulting in a price per square foot of $481.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,265,000
- Date: 11/19/2021
- Address: 31-33 Channing Rd, Belmont, MA
- Market: Belmont, MA
Representing the buyer in this transaction is John Petrowsky from Compass, while Steven Savarese from Century 21 Avon served as the seller's representative.
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
12.54%
Cash-on-Cash
-3.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93