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.
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