Updated Sep 9, 2024
Keller Williams Realty Acquires Belmont, MA Multifamily For $1.4M With Reps Jamie Venezia & Michael Spurr
583-585 School St, Belmont, Massachusetts, USA
$1,399,999
$623/SF
Building Size
2,244 SF
Asset Type
MultiFamily
Closing
May 2, 2021
About this deal
AI
A multifamily property located at 583-585 School St in Belmont, MA was recently sold for $1,399,999. The property spans 2,244 square feet, resulting in a price per square foot of $624.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,399,999
- Address: 583-585 School St, Belmont, MA
- Market: Belmont, MA
The seller's representative, Jamie Venezia of Delaney & Venezia Inc., and the buyer's representative, Michael Spurr of Keller Williams Realty, handled the transaction.
The multifamily sale at 583-585 School St, Belmont, Massachusetts, USA in Belmont, Massachusetts sold for $1.4M in 2021. The building is 2,244 square feet, implying about 623 per square foot on the published price. Michael Spurr, Jamie Venezia, Keller Williams Realty appear on the sale alongside Keller Williams Realty. This page is the Belmont, Massachusetts file for the 583-585 School St, Belmont, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Belmont sit in the Market section below. Filter that Belmont multifamily set by closing date to see what else sold near 583-585 School St, Belmont, Massachusetts, USA around 2021. Published consideration for 583-585 School St, Belmont, Massachusetts, USA is $1.4M, dated 2021. Cite this Keller Williams Realty Acquires Belmont, MA Multifamily For $1.4M With Reps Jamie Venezia & Michael Spurr sale when underwriting similar multifamily product around Belmont, Massachusetts.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93