Updated Dec 4, 2024
Amanda & Norman O'Grady Sell Belmont Multifamily Property For $1.35M
66-68 Sycamore Street
$1,350,000
$445/SF
Building Size
3,034 SF
Asset Type
MultiFamily
Closing
Jun 18, 2024
About this deal
AI
The multifamily property located at 66-68 Sycamore Street in Belmont, MA, was sold for $1.35 million. This two-family home near Waverly Square offers a total of 2 units, with a spacious interior spanning 3,034 square feet. The price per unit for this property is $675,000, and the price per square foot is $445.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 66-68 Sycamore Street
- Market: Belmont, MA
- Units: 2
- Square Footage: 3,034
- Price per Unit: $675,000
- Price per Square Foot: $445
- Brokers: Amanda O'Grady & Norman O'Grady -Prime Realty Group
Amanda O'Grady and Norman O'Grady from Prime Realty Group served as the brokers in this transaction. The property was an ideal choice for remote work, situated in a convenient location near Waverly Square in Belmont, MA.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93