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.
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