Updated Dec 20, 2023
Berkshire Hathaway HomeServices Acquires Belmont Multifamily For $1.32M
8 Branchaud Rd, Belmont, Massachusetts 02478, United States
$1,316,250
$429/SF
Building Size
3,063 SF
Asset Type
MultiFamily
Closing
Dec 29, 2021
About this deal
AI
Frederick Pizzi of Berkshire Hathaway HomeServices Commonwealth Real Estate facilitated the sale of a multifamily property located at 8-10 Branchaud Rd in Belmont, MA. The transaction took place on December 29, 2021, and the property was sold for a price of $1,316,250. The property spans 3,063 square feet, resulting in a price per square foot of $430.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,316,250
- Address: 8-10 Branchaud Rd, Belmont, MA
- Market: Belmont, MA
- Broker: Frederick Pizzi - Berkshire Hathaway HomeServices Commonwealth Real Estate
This transaction stands as a notable achievement for Frederick Pizzi, further establishing his expertise in the real estate market.
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
12.05%
Cash-on-Cash
-3.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93