Updated Sep 9, 2024
Keller Williams Realty Acquires Multifamily Property In Belmont, MA For $1.15M
603-605 Belmont St, Belmont, MA, USA
$1,155,000
$393/SF
Building Size
2,934 SF
Asset Type
MultiFamily
Closing
Nov 12, 2021
About this deal
AI
603-605 Belmont St, located in Belmont, MA, has recently been sold in a multifamily transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,155,000
- Square Footage: 2,934
- Price per Square Foot: $394
- Market: Belmont, MA
The buyer's representative in this transaction was the Chris Kostopoulos Group from Keller Williams Realty.
The seller's representative who handled the deal was David Hurley from Berkshire Hathaway HomeServices Commonwealth Real Estate.
The multifamily sale at 603-605 Belmont St, Belmont, MA, USA in Worcester, Massachusetts sold for $1.2M in 2021. The building is 2,934 square feet, implying about 393 per square foot on the published price. Chris Kostopoulos, David Hurley, Berkshire Hathaway HomeServices, Keller Williams Realty appear on the sale alongside Berkshire Hathaway HomeServices, Keller Williams Realty. This page is the Worcester, Massachusetts file for the 603-605 Belmont St, Belmont, MA, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Worcester sit in the Market section below. Filter that Worcester multifamily set by closing date to see what else sold near 603-605 Belmont St, Belmont, MA, USA around 2021. Published consideration for 603-605 Belmont St, Belmont, MA, USA is $1.2M, dated 2021. Cite this Keller Williams Realty Acquires Multifamily Property In Belmont, MA For $1.15M sale when underwriting similar multifamily product around Worcester, Massachusetts.
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Worcester 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
13.73%
Cash-on-Cash
-3.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93