Updated Dec 19, 2023
Real Estate 109 Acquires Belmont Multifamily For $1.45M
40 Lewis Road, Belmont, MA, USA
$1,450,000
$396/SF
Building Size
3,662 SF
Asset Type
MultiFamily
Closing
Apr 28, 2020
About this deal
AI
The multifamily property located at 40-42 Lewis Rd, Belmont, MA has been sold for a price of $1,450,000. The property spans a total square footage of 3,662, resulting in a price per square foot of $396.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 40-42 Lewis Rd, Belmont, MA
- Market: Belmont, MA
The seller's representative for this transaction was Carolyn Boyle from Gibson Sotheby's International Realty. The buyer's representative was Peter Boyajian from Real Estate 109.
On the Map
$1,450,000
$396/SF
MultiFamily
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Players
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93