facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$1,400,000

Massachusetts

See Similar Deals
MultiFamily2,931 SF
Sold 08/01/2024
the dealplayerscompscontact
Property Image
SOLD

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

61 Pine Street

See Similar Deals
MultiFamily2,931 SF
Sold 08/01/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$477
Total Square Footage:2,931 SF
Transaction Type:Sale

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 (Steve) Savarese
4 deals$5.2M volume(617) 962-4823
BROKER

Century 21
BROKERAGE

Details

SOLD
IMAGE: Steven Savares DATE: 08/01/2024 ADDRESS: 61 Pine Street MARKET: Belmont, MA ASSET TYPE: Multifamily BROKER: Steven Savarese - Senné (@Senne_Co) SALE PRICE: $1,400,000 UNITS: 2 ~ PPU: $700,000 SF: 2,931 ~ PPSF: $478 NOTE: A 4-bedroom, 2-bathroom multi-family home in Watertown, MA, sold for $1.3 million in 2024. Located at the end of a dead-end street and bordering Oakley Country Club, this 2,568-square-foot property offers significant renovation potential, with two units and a spacious yard.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$74,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57