Updated Dec 19, 2023
NextHome Signature Realty Sells Multifamily Property For $1.31M In Belmont, MA
31-33 Harvard Road, Belmont, Massachusetts 02478, United States
$1,310,000
$547/SF
Building Size
2,392 SF
Asset Type
MultiFamily
Closing
Jan 26, 2022
About this deal
AI
Located in Belmont, MA, the multifamily property at 31-33 Harvard Rd has recently been sold for a total price of $1,310,000. The transaction took place on 01/13/2022 and was facilitated by Laura Esdale Conway from Brighton, who represented the buyer, and Gerald Mullen from Nexthome Signature Realty, who represented the seller. The property spans across 2,392 square feet, resulting in a price per square foot of $548.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,310,000
- Address: 31-33 Harvard Rd, Belmont, MA
- Market: Belmont, MA
- Buyer's Rep: Laura Esdale Conway - Brighton
- Seller's Rep: Gerald Mullen - Nexthome Signature Realty
- Square Footage: 2,392
- Price per Square Foot: $548
The buyer of the property was represented by Laura Esdale Conway from Brighton, while Gerald Mullen from Nexthome Signature Realty acted as the seller's representative. This transaction highlights the successful collaboration of these individuals and companies in the real estate market.
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
12.11%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93