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45-47 Lewis Road Belmont, MA

Coldwell Banker Realty Acquires Multifamily Property In Belmont, MA For $1.215M
SOLDMultiFamily

Coldwell Banker Realty Acquires Multifamily Property In Belmont, MA For $1.215M

45-47 Lewis Road Belmont, MA

$1,215,000

$467/SF

Building Size

2,600 SF

Asset Type

MultiFamily

Closing

May 2, 2021

AI

Located at 45-47 Lewis Rd in Belmont, MA, this multifamily property was recently sold for a price of $1,215,000. The property spans over 2,600 square feet, resulting in a price per square foot of $467.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,215,000
  • Address: 45-47 Lewis Rd, Belmont, MA
  • Market: Belmont, MA
  • Seller's Rep: Monika Sainsbury - Coldwell Banker Realty - Belmont
  • Buyer's Rep: Adrian Cheng - Move2Boston Group, LLC

Monika Sainsbury from Coldwell Banker Realty in Belmont represented the seller in this transaction, while Adrian Cheng from Move2Boston Group, LLC represented the buyer.

Players

Monika Sainsbury

Coldwell Banker

Broker

$1.2M

vol

1 deal

Broker

Belmont MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.06%

Cash-on-Cash

-3.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93