Updated Dec 4, 2024
Alpha Group Of Compass & Anne Mahon Facilitate $1.55M Sale Of Belmont Multifamily Property
39-41 Harvard Road
$1,550,000
$602/SF
Building Size
2,574 SF
Asset Type
MultiFamily
Closing
Apr 25, 2024
About this deal
AI
In Belmont, MA, a multifamily property at 39-41 Harvard Road was recently sold for $1,550,000. The property consists of 2 units with a total square footage of 2,574, resulting in a price per unit of $775,000 and a price per square foot of $602.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Units: 2
- PPU: $775,000
- SF: 2,574
- PPSF: $602
- Address: 39-41 Harvard Road, Belmont, MA
- Buyer's Rep: Alpha Group - Compass
- Seller's Rep: Anne Mahon - Leading Edge Real Estate
Alpha Group - Compass represented the buyer in this transaction, while Anne Mahon of Leading Edge Real Estate acted as the seller's representative.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93