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533 School Street, Belmont,...

Updated Dec 20, 2023

Wei Fu Sells Multifamily Property In Belmont, MA For $1.289M With Buyer's Rep Petrone-Hunter Realty Group
SOLDMultiFamily

Wei Fu Sells Multifamily Property In Belmont, MA For $1.289M With Buyer's Rep Petrone-Hunter Realty Group

533 School Street, Belmont, MA, USA

$1,289,000

$418/SF

Building Size

3,079 SF

Asset Type

MultiFamily

Closing

Nov 22, 2021

About this deal

AI

Located in Belmont, MA, the multifamily property at 533 School St has recently been sold for a price of $1,289,000. This property spans across 3,079 square feet, resulting in a price per square foot of $419. The transaction took place on November 22, 2021, as captured in a photograph shared on Instagram by Wei Fu.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,289,000
  • Address: 533 School St, Belmont, MA
  • Market: Belmont, MA
  • Buyer's Representative: Petrone-Hunter Realty Group - Coldwell Banker Realty - Wellesley
  • Seller's Representative: Wei Fu - Phoenix Real Estate
  • Square Footage: 3,079
  • Price per Square Foot: $419

Petrone-Hunter Realty Group, represented by Coldwell Banker Realty based in Wellesley, acted as the buyer's representative in this transaction. On the other hand, Wei Fu, affiliated with Phoenix Real Estate, served as the seller's representative. These professionals played a significant role in facilitating the successful deal, ensuring a smooth transition of ownership for the multifamily property at 533 School St in Belmont, MA.

Players

Wei Fu

Broker

$1.3M

vol

1 deal

Broker

Belmont MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $418 per square foot on a published $1.3M for 3,079 square feet (2021).

Visit Wei Fu to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.31%

Cash-on-Cash

-3.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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