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69-71 Carleton Rd, Belmont,...

Updated Dec 19, 2023

Coldwell Banker Realty - Lexington Represents Buyer In $1.66M Belmont Multifamily Sale
SOLDMultiFamily

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

Scott Driscoll

Broker

$1.7M

vol

1 deal

Broker

Belmont MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $516 per square foot on a published $1.7M for 3,205 square feet (2020).

Visit Christine Pomer to view all their deals.

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

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