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
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93