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Ying Chen & David Hurley Broker Multifamily Sale In Belmont For $1.56M
SOLD
Massachusetts
See Similar DealsMultiFamily2,880 SF
Sold 06/17/2024
SOLD
Ying Chen & David Hurley Broker Multifamily Sale In Belmont For $1.56M
42-44 Trowbridge Street
See Similar DealsMultiFamily2,880 SF
Sold 06/17/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$541
Total Square Footage:2,880 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$83,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,542.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,395.20
Annual Debt Service$88,742.35
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