Updated Feb 3, 2026
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
About this deal
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:
- Property Type: Development Site
- Transaction Amount: $19,000,000
- Address: 250 Everett Street
- Market: Allston, MA
- Square Footage: 79,279
- Price per Square Foot: $239
- Buyer: Mill Creek Residential
- Seller's Representative: Christopher Sower, Bruce Lusa, Andrew Herald, Ryan Mowery, Mary VanNatta, An Nguyen & Julie Regan - Cushman & Wakefield
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.
On the Map
$19,000,000
$239/SF
Development Site
View full map
Players
Allston Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
About $239 per square foot on a published $19M for 79,279 square feet (2025).
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Browse Allston development site sales on Traded.
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