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33-35 Harding Avenue, Belmo...

Updated Dec 19, 2023

Compass Group Acquires Multifamily Property On Harding Ave In Belmont For $1.4M
SOLDMultiFamily

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

About this deal

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.

On the Map

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$1,425,000

$407/SF

MultiFamily

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Players

Lori Orchanian

Coldwell Banker

Broker

$10.5M

vol

6 deals

Broker

Belmont MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $407 per square foot on a published $1.4M for 3,500 square feet (2021).

Visit Lori Orchanian to view all their deals.

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

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