Updated Dec 4, 2024
Jun Zhang & Lisa Beth Koufman Facilitate $1.25M Multifamily Sale In Belmont, MA
32 Park Road
$1,252,000
$592/SF
Building Size
2,112 SF
Asset Type
MultiFamily
Closing
Apr 22, 2024
About this deal
AI
A multi-family property located at 32 Park Road in Belmont, MA, in the Harvard Lawn neighborhood was recently sold for a total price of $1,252,000. The property consists of two units with a combined total of four bedrooms and two bathrooms. The sale equates to a price per unit of $626,000, covering a total area of 2,112 square feet at a price per square foot of $593.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,252,000
- Units: 2
- Square Footage: 2,112
- Price Per Unit: $626,000
- Price Per Square Foot: $593
- Address: 32 Park Road
- Market: Belmont, MA
The buyer in this transaction was represented by Jun Zhang from Hmw Real Estate, while the seller was represented by Lisa Beth Koufman from LBK Realty.
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
12.67%
Cash-on-Cash
-3.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93