Updated Dec 4, 2024
Cameron Pomer & Lori Orchanian Of Coldwell Banker Sell Belmont Multifamily For $2.35M
54 Hamilton Road belmont & 56 Hamilton Road
$2,350,000
$507/SF
Building Size
2,314 SF
Asset Type
MultiFamily
Closing
May 29, 2024
About this deal
AI
A 2-family home along with two additional lots sold for $2.35 million in Belmont, MA. The property, located at 54-56 Hamilton Rd., comprises 2 units with a total square footage of 2,314. The price per unit was $1,175,000, and the price per square foot was $1,016.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,350,000
- Units: 2
- Square Footage: 2,314
- Price Per Unit: $1,175,000
- Price Per Square Foot: $1,016
- Address: 54-56 Hamilton Road, Belmont, MA
- Market: Belmont, MA
The sale of the property was facilitated by Cameron Pomer and Lori Orchanian from Coldwell Banker. They represented the parties involved in the transaction, providing their expertise in the Belmont, MA market.
On the Map
$2,350,000
$507/SF
MultiFamily
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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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93