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54 Hamilton Road belmont

Cameron Pomer & Lori Orchanian Of Coldwell Banker Sell Belmont Multifamily For $2.35M
SOLDMultiFamily

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

4,628 SF

Asset Type

MultiFamily

Closing

May 29, 2024

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.

Players

Lori Orchanian

Coldwell Banker

Broker

$10.5M

vol

6 deals

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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93