Compass Group Acquires Multifamily Property On Harding Ave In Belmont For $1.4M
33-35 Harding Avenue, Belmont, MA, USA
$1,425,000
$407/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Nov 19, 2021
AI
Located at 33-35 Harding Ave in Belmont, MA, this multifamily property was recently sold. The transaction was facilitated by Lori Orchanian from Coldwell Banker Realty-Belmont, representing the seller, and The Lorrie Parajeckas Group from Compass, representing the buyer.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,425,000
- Square Footage: 3,500
- Price per Square Foot: $407
- Market: Belmont, MA
The property, captured in the image by Lori Orchanian, exhibits its value through its impressive features and attractive sale price. With a total square footage of 3,500, this multifamily asset is situated in the desirable market of Belmont, MA. The sale price of $1,425,000 equates to a price per square foot of $407, reflecting the value of the property in the current market.
During the transaction, Lori Orchanian from Coldwell Banker Realty-Belmont represented the seller, while The Lorrie Parajeckas Group from Compass acted as the buyer's representative. Their expertise and negotiation skills contributed to the successful completion of the deal.
Players
Belmont MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93