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31-33 Harvard Road, Belmont...

Updated Dec 19, 2023

NextHome Signature Realty Sells Multifamily Property For $1.31M In Belmont, MA
SOLDMultiFamily

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

Laura Esdale

Broker

$1.3M

vol

1 deal

Broker

Belmont MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $547 per square foot on a published $1.3M for 2,392 square feet (2022).

Visit Laura Esdale to view all their deals.

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

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