Belmont Multifamily Property Sold For $1.175M With Buyer's Rep Tabi Godazi & Seller's Rep Scarlett Tamburro
669 Belmont Street & 671 Belmont Street
$1,175,000
$186/SF
Building Size
6,302 SF
Asset Type
MultiFamily
Closing
Sep 8, 2023
AI
A multifamily property located at 669-671 Belmont Street in Belmont, MA has been sold for a total of $1,175,000. The property spans 3,151 square feet and is priced at $373 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Address: 669-671 Belmont Street, Belmont, MA
- Market: Belmont, MA
- Square Footage: 3,151
- Price Per Square Foot: $373
The buyer's representative in this transaction is Tabi Godazi from Real Estate Advisors Group, Inc. On the other hand, Scarlett Tamburro from Advisors Living represented the seller. Their expertise and guidance played a significant role in the completion of this deal.
With this successful sale, the multifamily property at 669-671 Belmont Street has changed ownership. The collaboration between the buyer's representative, Tabi Godazi, and the seller's representative, Scarlett Tamburro, facilitated the transaction to its completion.
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93