Shahin Daneshvar Acquires Retail Property In Belmont For $3.95M

A retail property located at 650 East Fordham Road in Belmont has been sold for a price of $3,950,000. The property is classified as Retail and falls under zoning district C4-5D. The building has a total square footage (BSF) of 28,867, resulting in a price per square foot (PPSF) of $136. The property itself spans 6,323 square feet, with a price per square foot (PPSF) of $624. The site has a floor area ratio (FAR) of 0.92 and is classified under tax class 4. The lot size measures 6,873 square feet and the last recorded sale of the property took place on August 19, 2010, for a price of $1,995,000. The property has undergone an alteration permit on July 28, 2017.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,950,000
• Buyer: Shahin Daneshvar
• Seller: Joseph M Rose
• Square Footage: 6,323
• Price per Square Foot: $624

Shahin Daneshvar acted as the buyer in this transaction, while Joseph M Rose served as the seller. The lot dimensions are 50.96 feet by 107.17 feet. It is important to note that this property was previously sold on August 19, 2010, for a price of $1,995,000. The most recent alteration permit for this property was obtained on July 28, 2017.