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61 Pine Street

Steven Savarese Of Senné Facilitates $1.4M Sale Of Multifamily Property At 61 Pine Street Belmont
SOLDMultiFamily

Steven Savarese Of Senné Facilitates $1.4M Sale Of Multifamily Property At 61 Pine Street Belmont

61 Pine Street

$1,400,000

$477/SF

Building Size

2,931 SF

Asset Type

MultiFamily

Closing

Aug 1, 2024

AI

A multifamily property located at 61 Pine Street in Belmont, MA has been sold for $1,400,000. The property consists of 2 units and encompasses a total of 2,931 square feet, resulting in a price per unit of $700,000 and a price per square foot of $478.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Units: 2
  • Square Footage: 2,931
  • Price Per Unit: $700,000
  • Price Per Square Foot: $478
  • Broker: Steven Savarese - Senné
  • Date of Sale: 08/01/2024
  • Market: Belmont, MA

This transaction was facilitated by broker Steven Savarese from Senné, representing the interests of the involved parties in this multifamily sale. The deal occurred in a notable market area, contributing to the dynamics of property transactions in the region.

Players

Steven Savarese

Senné

Broker

$5.2M

vol

4 deals

Broker
Century 21
Century 21Brokerage

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