Updated Dec 19, 2023
Prevu Real Estate LLC Acquires Multifamily Property In Belmont, MA For $1.46M
84 Fairview Avenue, Belmont, Massachusetts 02478, United States
$1,466,000
$476/SF
Building Size
3,080 SF
Asset Type
MultiFamily
Closing
Dec 17, 2021
About this deal
AI
Located at 84-86 Fairview Ave in Belmont, MA, this multifamily property recently changed hands in a sale transaction. The property spans 3,080 square feet and was sold for a total price of $1,466,000, resulting in a price per square foot of $476.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,466,000
- Square Footage: 3,080
- Price per Square Foot: $476
- Address: 84-86 Fairview Ave, Belmont, MA
- Market: Belmont, MA
The buyer in this transaction was represented by Gregory Cumings from Prevu Real Estate LLC, while the seller was represented by Abigail Jacobs from Lamacchia Realty.
On the Map
$1,466,000
$476/SF
MultiFamily
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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
10.82%
Cash-on-Cash
-3.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93