Real Estate 109 Acquires Belmont Multifamily For $1.45M
SOLD
$1,450,000
Massachusetts
See Similar DealsMultiFamily3,662 SF
Sold 04/28/2020
SOLD
Real Estate 109 Acquires Belmont Multifamily For $1.45M
40 Lewis Road, Belmont, MA, USA
See Similar DealsMultiFamily3,662 SF
Sold 04/28/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$396
Total Square Footage:3,662 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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