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45 Marlboro Street

Updated Dec 4, 2024

Eric Hung Of Engel & Volkers Wellesley Acquires 4,194 SF Multifamily Property In Belmont, MA For $1.59M
SOLDMultiFamily

Eric Hung Of Engel & Volkers Wellesley Acquires 4,194 SF Multifamily Property In Belmont, MA For $1.59M

45 Marlboro Street

$1,590,000

$379/SF

Building Size

4,194 SF

Asset Type

MultiFamily

Closing

Sep 26, 2023

About this deal

AI

45 Marlboro Street, a 4,194 SF multifamily property located in Belmont, MA, was recently sold for $1.59 million. The property has a price per square foot of $379. Eric Hung, representing Engel & Volkers Wellesley, served as the buyer's representative, while Zur Attias, from The Attias Group, represented the seller. This transaction occurred on September 26, 2023.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,590,000
  • Square Footage: 4,194
  • Price per Square Foot: $379
  • Address: 45 Marlboro Street, Belmont, MA
  • Market: Belmont, MA

The buyer, represented by Eric Hung from Engel & Volkers Wellesley, acquired the multifamily property located at 45 Marlboro Street in Belmont, MA. On the other side, Zur Attias from The Attias Group served as the seller's representative. The transaction showcases the expertise of these individuals and the agencies they represent.

Players

Zur Attias

The Attias Group

Broker

$3.4M

vol

2 deals

Broker

Belmont MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $379 per square foot on a published $1.6M for 4,194 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.98%

Cash-on-Cash

-2.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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