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669 Belmont Street

Belmont Multifamily Property Sold For $1.175M With Buyer's Rep Tabi Godazi & Seller's Rep Scarlett Tamburro
SOLDMultiFamily

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

Scarlett Tamburro

Advisors Living

Broker

$6.7M

vol

4 deals

Broker

Belmont MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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