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

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SOLD
$1,560,000

Massachusetts

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MultiFamily2,880 SF
Sold 06/17/2024
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SOLD

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

42-44 Trowbridge Street

See Similar Deals
MultiFamily2,880 SF
Sold 06/17/2024
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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.

Players

David Hurley
4 deals$5.1M volume
BROKER

Ying Chen
Redfin
3 deals$4.3M volume
BROKER

Details

SOLD
IMAGE: Ying Chen & David Hurley DATE: 06/17/2024 ADDRESS: 42-44 Trowbridge Street MARKET: Belmont, MA ASSET TYPE: Multifamily BUYER'S REP: Ying Chen - Redfin (@RedfinRealEstate) SELLER'S REP: David Hurley - Berkshire Hathaway HomeServices (@BHHSRealEstate) SALE PRICE: $1,560,000 UNITS: 2 ~ PPU: $780,000 SF: 2,880 ~ PPSF: $542 NOTE: 42-44 Trowbridge Street in Belmont, MA, a multifamily property, was sold for $1.56 million. Ying Chen represented the buyer for Redfin, while David Hurley represented the seller for Berkshire Hathaway HomeServices in the transaction.

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Deal Type
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