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39 Lewis Road, Belmont, Mas...

Anita Lin Acquires Multifamily Property In Belmont For $1.26M
SOLDMultiFamily

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.

Players

Anita Lin

Coldwell Banker

Broker

$3.8M

vol

3 deals

Broker

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