Nazar Vincent Acquires 2-Unit Multi Family In Belmont, MA For $1.27M
147 Lexington Street
$1,270,000
$457/SF
Building Size
2,778 SF
Asset Type
MultiFamily
Closing
Aug 11, 2022
AI
A multi-family property located at 147 Lexington St in Belmont, MA has been sold in a recent transaction. The property consists of 2 units, with a total area of 2,778 square feet. The sale price for the property was $1,270,000, resulting in a price per unit of $635,000. The price per square foot was calculated to be $457.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $1,270,000
- Units: 2
- Price per Unit: $635,000
- Square Footage: 2,778
- Price per Square Foot: $457
The buyer of the property was Nazar Vincent, while the seller was Vesuvius Realty Development. The transaction was facilitated by brokers Anthony Coppola from Coldwell Banker and Dimitri Petrosian from Elevated.
Players
Boston 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
12.49%
Cash-on-Cash
-3.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93