Belmont Multifamily Property Sold For $1.565M With Brokers Dan Loprete & Ari Koufos
37 Willow Street & 39 Willow Street
$1,565,000
$220/SF
Building Size
7,114 SF
Asset Type
MultiFamily
Closing
Jul 19, 2024
AI
A two-family home located at 37-39 Willow Street in Belmont, MA, has been sold for $1,565,000. The multifamily property encompasses a total of 3,557 square feet and consists of 2 units, yielding a price per unit of $782,500 and a price per square foot of $440. This brick property, built in 1936, features 7 bedrooms and 2 bathrooms, along with spacious living areas, fireplaces, and a backyard. The second-floor unit includes additional amenities such as a bonus sunroom and a 3-season porch.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,565,000
- Address: 37-39 Willow Street
- Market: Belmont, MA
- Units: 2
- Price per Unit: $782,500
- Square Footage: 3,557
- Price per Square Foot: $440
- Brokers: Dan Loprete & Ari Koufos - Realty Executives
Dan Loprete and Ari Koufos served as the brokers representing the transaction, facilitating the sale of the property in the competitive Belmont market. Their involvement played a crucial role in the successful closing of this multifamily home.
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
10.14%
Cash-on-Cash
-2.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93