Hamo LLC Acquires Multifamily Property On Wilson Ave In Belmont, MA For $1.44M
32-34 Wilson Ave, Belmont, Massachusetts, USA
$1,440,000
$500/SF
Building Size
2,880 SF
Asset Type
MultiFamily
Closing
Aug 31, 2021
AI
The multifamily property located at 32-34 Wilson Ave in Belmont, MA has been sold in a recent transaction. The property spans a total of 2,880 square feet and consists of 2 units. The sale price for this transaction was $1,440,000, resulting in a price per unit of $720,000. The price per square foot is estimated at $500. The property was listed with an asking price of $1,450,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,440,000
- Units: 2
- Price per Unit: $720,000
- Square Footage: 2,880
- Price per Square Foot: $500
The buyer in this transaction is Hamo LLC, while the seller is OJ LLC. Coldwell Banker Realty, represented by Massis Khoumjian, facilitated the deal as the broker for both parties.
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
11.02%
Cash-on-Cash
-3.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93