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.
On the Map
$1,252,000
$592/SF
MultiFamily
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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