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147 Lexington Street

Nazar Vincent Acquires 2-Unit Multi Family In Belmont, MA For $1.27M
SOLDMultiFamily

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

Anthony Coppola

Coldwell Banker

Broker

$28.4M

vol

20 deals

Broker

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