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31-33 Channing Rd, Belmont,...

Compass Rep John Petrowsky Assists In $1.26M Belmont Multifamily Sale
SOLDMultiFamily

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

John Petrowsky

Compass

Broker

$12.3M

vol

5 deals

Broker
Century 21
Century 21Brokerage

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