Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,265,000
$486/SF
MultiFamily
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Belmont 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
12.54%
Cash-on-Cash
-3.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93