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37 Willow Street

Belmont Multifamily Property Sold For $1.565M With Brokers Dan Loprete & Ari Koufos
SOLDMultiFamily

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:

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

Ari Koufos

Realty Executives

Broker

$16.2M

vol

13 deals

Broker

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