Updated Dec 4, 2024
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
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
9.98%
Cash-on-Cash
-2.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93