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42-44 Trowbridge Street

Ying Chen & David Hurley Broker Multifamily Sale In Belmont For $1.56M
SOLDMultiFamily

Ying Chen & David Hurley Broker Multifamily Sale In Belmont For $1.56M

42-44 Trowbridge Street

$1,560,000

$541/SF

Building Size

2,880 SF

Asset Type

MultiFamily

Closing

Jun 17, 2024

AI

42-44 Trowbridge Street in Belmont, MA, is a multifamily property consisting of 2 units with a total of 2,880 square feet. The property was sold for $1.56 million, equating to a price per unit of $780,000 and a price per square foot of $542.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,560,000
  • Units: 2
  • Price per Unit: $780,000
  • Square Footage: 2,880
  • Price per Square Foot: $542
  • Address: 42-44 Trowbridge Street, Belmont, MA
  • Market: Belmont, MA
  • Buyer's Rep: Ying Chen - Redfin
  • Seller's Rep: David Hurley - Berkshire Hathaway HomeServices

Ying Chen represented the buyer, Redfin, in the transaction, while David Hurley represented the seller, Berkshire Hathaway HomeServices.

Players

David Hurley

Berkshire Hathaway HomeServices

Broker

$5.1M

vol

4 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

10.17%

Cash-on-Cash

-2.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93