Anita Lin Acquires Multifamily Property In Belmont For $1.26M
39 Lewis Road, Belmont, Massachusetts 02478, United States
$1,265,000
$486/SF
Building Size
2,600 SF
Asset Type
MultiFamily
Closing
Mar 22, 2022
AI
The multifamily property located at 37-39 Lewis Rd in Belmont, MA has been sold for a price of $1,265,000. With a total area of 2,600 square feet, the property was sold at an average price per square foot of $487.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,265,000
- Square Feet: 2,600
- Price per Square Foot: $487
- Address: 37-39 Lewis Rd, Belmont, MA
- Market: Belmont, MA
Anita Lin from Coldwell Banker Realty in Lexington represented the buyer in this transaction, while Dana Ingram from Ingram Realty Co. served as the seller's representative.
Belmont MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.54%
Cash-on-Cash
-3.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93