Updated Dec 21, 2023
Yuan Li's Team Realty Acquires Multifamily Property In Belmont, MA For $1,208,000
88-90 Creeley Road, Belmont, Massachusetts, USA
$1,208,000
$513/SF
Building Size
2,354 SF
Asset Type
MultiFamily
Closing
Feb 17, 2021
About this deal
AI
Located at 88-90 Creeley Road in Belmont, MA, this multifamily property was recently sold for a total price of $1,208,000. With a square footage of 2,354, the price per square foot comes to $513. The transaction took place on February 18, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,208,000
- Square Footage: 2,354
- Price per Square Foot: $513
- Market: Belmont, MA
The seller's representative in this deal was Team Suzanne & Company from Compass. On the buyer's side, Yuan Li represented Yuan's Team 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
13.13%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93