Updated Dec 19, 2023
Redfin Corp. Acquires Multifamily Property In Belmont, MA For $1.55M
98-100 Payson Road, Belmont, Massachusetts 02478, United States
$1,550,000
$525/SF
Building Size
2,948 SF
Asset Type
MultiFamily
Closing
Jan 2, 2022
About this deal
AI
A multifamily property located at 98-100 Payson Rd in Belmont, MA was recently sold for a price of $1,550,000. The property spans 2,948 square feet, resulting in a price per square foot of $526.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 98-100 Payson Rd, Belmont, MA
- Square Footage: 2,948
- Price per Square Foot: $526
- Market: Belmont, MA
The buyer was represented by Thomas Cote from Redfin Corp., while the seller was represented by Carol Kollias from Coldwell Banker Realty - Belmont.
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93