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
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