Yeongsoon Yi & David Fay Broker $3M Sale Of MultiFamily Property In Allston
12 Reedsdale Street
$3,000,000
$728/SF
Building Size
4,118 SF
Asset Type
MultiFamily
Closing
May 21, 2024
AI
Located at 12 Reedsdale Street in Allston, MA, this MultiFamily property was sold for $3,000,000. The property offers condo-quality luxury finishes, hardwood floors, high ceilings, top-of-the-line kitchen and bath finishes with Fisher & Paykel appliances, in-unit laundry, new central air systems, fire & sprinkler systems, and private driveway parking for four vehicles.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $3,000,000
- Units: 4
- Price Per Unit: $750,000
- Square Footage: 4,118
- Price Per Square Foot: $729
- Address: 12 Reedsdale Street, Boston, MA 02134
- Market: Allston, MA
- Buyer's Rep: Yeongsoon Yi - Premier Realty Group
- Seller's Rep: David Fay - Re/Max
Yeongsoon Yi from Premier Realty Group represented the buyer in this transaction, while David Fay from Re/Max represented the seller. The deal involved a total of four units with a price per unit of $750,000. The property's features include luxury amenities such as private driveway parking for four vehicles.
Players
Allston 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93