Updated Dec 19, 2023
Coldwell Banker Realty - Lexington Represents Buyer In $1.66M Belmont Multifamily Sale
69-71 Carleton Rd, Belmont, Massachusetts, USA
$1,655,000
$516/SF
Building Size
3,205 SF
Asset Type
MultiFamily
Closing
Aug 23, 2020
About this deal
AI
Located in Belmont, MA, the multifamily property at 69-71 Carleton Rd has recently been sold. The transaction took place on August 23, 2021, with a sale price of $1,655,000. Spanning across 3,205 square feet, the property offers ample space for the residents. With a price per square foot of $516, this sale represents a significant investment in the Belmont real estate market.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $1,655,000
- Market: Belmont, MA
Representing the seller in this deal was Scott Driscoll from Redfin Corp. On the buyer's side, Christine Pomer from Coldwell Banker Realty - Lexington served as their representative. These skilled professionals facilitated the successful completion of the transaction, ensuring a smooth process for all parties involved.
This sale showcases the ongoing demand for multifamily properties in Belmont, MA. The collaboration between the seller's representative, Scott Driscoll, and the buyer's representative, Christine Pomer, illustrates the expertise and dedication required in closing such a significant real estate deal.
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
9.58%
Cash-on-Cash
-2.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93