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Yeongsoon Yi & David Fay Broker $3M Sale Of MultiFamily Property In Allston

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SOLD
$3,000,000

Massachusetts

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MultiFamily4,118 SF
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SOLD

Yeongsoon Yi & David Fay Broker $3M Sale Of MultiFamily Property In Allston

12 Reedsdale Street

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MultiFamily4,118 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$728
Total Square Footage:4,118 SF
Transaction Type:Sale

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

David Fay
3 deals$6.1M volume(617) 828-7196
BROKER

Details

SOLD
IMAGE: David Fay DATE: 05/21/2024 ADDRESS: 12 Reedsdale Street MARKET: Allston, MA ASSET TYPE: MultiFamily BUYER'S REP: Yeongsoon Yi - Premier Realty Group SELLER'S REP: David Fay - Re/Max (@Remax) SALE PRICE: $3,000,000 UNITS: 4 ~ PPU: $750,000 SF: 4,118 ~ PPSF: $729 NOTE: at 12 Reedsdale, Boston, MA 02134, sold for $3,000,000, offering 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.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37