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5-7 Pearl Street

Updated Dec 4, 2024

Andrew Junas Of Redfin Represents Buyer In $1.22M Belmont Multifamily Sale
SOLDMultiFamily

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

Andrew Junas

Redfin

Broker

$3.4M

vol

2 deals

Broker

Belmont MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $470 per square foot on a published $1.2M for 2,592 square feet (2024).

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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

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