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32-34 Wilson Ave, Belmont, ...

Hamo LLC Acquires Multifamily Property On Wilson Ave In Belmont, MA For $1.44M
SOLDMultiFamily

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.

Players

Massis Khoumjian

Coldwell Banker

Broker

$19.4M

vol

11 deals

Broker

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