Updated Dec 4, 2024
Andrew Junas Of Redfin Represents Buyer In $1.22M Belmont Multifamily Sale
5-7 Pearl Street
$1,220,000
$470/SF
Building Size
2,592 SF
Asset Type
MultiFamily
Closing
Jun 6, 2024
About this deal
AI
Located at 5-7 Pearl Street in Belmont, MA, this multifamily property was sold for $1,220,000. The property offers a prime location just 1/2 mile from Waverley Station, making it ideal for commuters. The versatile 2-family home features 5 bedrooms, 2 bathrooms, and separate systems/utilities for each unit. It includes renovated kitchens, antique pine floors, and ample storage space.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Units: 2
- Price Per Unit: $610,000
- Square Footage: 2,592
- Price Per Square Foot: $471
- Address: 5-7 Pearl Street
- Market: Belmont, MA
Andrew Junas of Redfin represented the buyer in the transaction, while Vita Realty Group of Compass represented the seller. The deal involved key individuals and companies crucial to the successful sale of the property.
Players
Belmont MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Andrew Junas to view all their deals.
Browse Belmont multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93