Updated Dec 4, 2024
Multifamily Property At 73 Marlboro Street Sold For $1.575M With Broker Jenn Ye
73 Marlboro Street
$1,575,000
$406/SF
Building Size
3,879 SF
Asset Type
MultiFamily
Closing
Jul 8, 2024
About this deal
AI
A three-unit multifamily building located at 73 Marlboro Street in Belmont, MA has been sold for $1.575 million. The property features a one-bedroom unit and two two-bedroom units, encompassing a total of 3,879 square feet, which results in a price per unit of $525,000 and a price per square foot of $406.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,575,000
- Units: 3
- Square Feet: 3,879
- Price Per Unit: $525,000
- Price Per Square Foot: $406
- Address: 73 Marlboro Street
- Market: Belmont, MA
- Broker: Jenn Ye - Greatland Real Estate
Jenn Ye from Greatland Real Estate represented the transaction, facilitating the sale of this multifamily investment property in Belmont's Harvard Lawn neighborhood. The period details of the units along with their private porches add to the character of the property.
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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93