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250 Everett Street

Mill Creek Residential Acquires Development Site At 250 Everett Street In Allston For $19M
SOLDDevelopment Site

Mill Creek Residential Acquires Development Site At 250 Everett Street In Allston For $19M

250 Everett Street

$19,000,000

$239/SF

Building Size

79,279 SF

Asset Type

Development Site

Closing

Dec 30, 2025

AI

The transaction involved a development site located at 250 Everett Street in Allston, MA. The sale price was $19,000,000, and the site has a total square footage of 79,279, resulting in a price per square foot of $239.

Summary of transaction details:

The buyer in this transaction is Mill Creek Residential, which adds to their portfolio of development projects. The sellers were represented by a team at Cushman & Wakefield, indicating a collaborative effort among multiple individuals in facilitating this transaction.

Players

Bruce Lusa

Cushman & Wakefield

Broker

$899.9M

vol

62 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Mill Creek Residential
Mill Creek ResidentialBuyer

Allston Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93