Updated Dec 21, 2023
Greatland Real Estate Llc Sells Belmont Multifamily Property For $1.2M
43-45 Gilbert Rd, Belmont, Massachusetts, USA
$1,205,000
$410/SF
Building Size
2,935 SF
Asset Type
MultiFamily
Closing
Nov 30, 2021
About this deal
AI
The multifamily property located at 43-45 Gilbert Rd in Belmont, MA has been sold. The transaction took place on 11/30/2021. The property spans across 2,935 square feet. The sale price for this property was $1,205,000, resulting in a price per square foot of $411.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,205,000
- Address: 43-45 Gilbert Rd, Belmont, MA
- Market: Belmont, MA
The deal was facilitated by Jenn Ye from Greatland Real Estate Llc, who served as the broker for this transaction.
Players
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
13.16%
Cash-on-Cash
-3.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93