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73 Marlboro Street

Updated Dec 4, 2024

Multifamily Property At 73 Marlboro Street Sold For $1.575M With Broker Jenn Ye
SOLDMultiFamily

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

Jenn Ye

Broker

$2.8M

vol

2 deals

Broker

Belmont MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $406 per square foot on a published $1.6M for 3,879 square feet (2024).

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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

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