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46-48 Ridgemont Street

Shikha Singh & Zachary Conley Facilitate $2.25M Multifamily Sale In Allston, MA
SOLDMultiFamily

Shikha Singh & Zachary Conley Facilitate $2.25M Multifamily Sale In Allston, MA

46-48 Ridgemont Street

$2,250,000

$734/SF

Building Size

3,062 SF

Asset Type

MultiFamily

Closing

Feb 2, 2024

AI

In Allston, MA, a multifamily property located at 46-48 Ridgemont Street was sold for $2,250,000. The property spans 3,062 square feet and was sold at a price per square foot of $735.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Address: 46-48 Ridgemont Street
  • Market: Allston, MA

Shikha Singh of Re/Max Andrew Realty Services represented the buyer in this transaction, while Zachary Conley of Nextgen Realty acted as the seller's representative.

Players

Zachary Conley

Nextgen Realty

Broker

$7.2M

vol

4 deals

Broker

Allston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93