Compass Rep John Petrowsky Assists In $1.26M Belmont Multifamily Sale
SOLD
$1,265,000
Massachusetts
See Similar DealsMultiFamily2,628 SF
Sold 11/19/2021
SOLD
Compass Rep John Petrowsky Assists In $1.26M Belmont Multifamily Sale
31-33 Channing Rd, Belmont, MA, USA
See Similar DealsMultiFamily2,628 SF
Sold 11/19/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$481
Total Square Footage:2,628 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,494.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,996.75
Annual Debt Service$71,960.94
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