Nazar Vincent Acquires 2-Unit Multi Family In Belmont, MA For $1.27M
SOLD
$1,270,000
Massachusetts
See Similar DealsMultiFamily2,778 SF
Sold 08/11/2022
SOLD
Nazar Vincent Acquires 2-Unit Multi Family In Belmont, MA For $1.27M
147 Lexington Street
See Similar DealsMultiFamily2,778 SF
Sold 08/11/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$457
Total Square Footage:2,778 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,512.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,020.45
Annual Debt Service$72,245.38
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