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

Property Image
SOLD
$2,250,000
Zachary Conley
Shikha Singh

Massachusetts

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MultiFamily3,062 SF
Sold 02/02/2024
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Property Image
SOLD

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

46-48 Ridgemont Street

See Similar Deals
MultiFamily3,062 SF
Sold 02/02/2024
Zachary Conley
Shikha Singh
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$734
Total Square Footage:3,062 SF
Transaction Type:Sale

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
Zachary Conley
4 deals$7.2M volume(617) 982-8607
BROKER
Shikha Singh
Re/Max
Shikha Singh
2 deals$3.8M volume(781) 405-4550
BROKER

Details

SOLD
IMAGE: Shikha Singh & Zachary Conley DATE: 02/02/2024 ADDRESS: 46-48 Ridgemont Street MARKET: Allston, MA ASSET TYPE: Multifamily BUYER'S REP: Shikha Singh - Re/Max Andrew Realty Services (@AndrewRealty) SELLER'S REP: Zachary Conley - Nextgen Realty SALE PRICE: $2,250,000 SF: 3,062 ~ PPSF: $735 NOTE: In Allston, MA, a multifamily property located at 46-48 Ridgemont Street was sold for $2,250,000. Shikha Singh of Re/Max Andrew Realty Services represented the buyer, while Zachary Conley of Nextgen Realty acted as the seller's representative in the transaction.

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

$120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77