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
Belmont MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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