Updated Dec 19, 2023
Chenhui Song & Bei Guan Acquire Multifamily In Allston, MA For $1.68M
37 Long Ave, Allston, Boston, MA, USA
$1,680,000
$528/SF
Building Size
3,177 SF
Asset Type
MultiFamily
Closing
Aug 16, 2021
About this deal
AI
A multifamily property located at 37 Long Ave in Allston, MA has been sold for a total price of $1,680,000. The property consists of 2 units, resulting in a price per unit of $840,000. The total square footage of the property is 3,177 square feet, translating to a price per square foot of $529.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,680,000
- Units: 2
- Price per Unit: $840,000
- Square Footage: 3,177
- Price per Square Foot: $529
- Address: 37 Long Ave, Allston, MA
- Market: Allston, MA
The buyers of the property are Chenhui Song and Bei Guan. They acquired the property from the sellers, Xiaoyu Zhang and Zhaoyan Yang.
Players
Boston 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
9.44%
Cash-on-Cash
-2.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93