Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,215,000
$467/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
13.06%
Cash-on-Cash
-3.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93