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Patti Brainard & David Fay Close $1.43M Multifamily Sale In Allston, MA
SOLD
Massachusetts
See Similar DealsMultiFamily3,530 SF
Sold 05/23/2024
SOLD
Patti Brainard & David Fay Close $1.43M Multifamily Sale In Allston, MA
49 Bayard Street
See Similar DealsMultiFamily3,530 SF
Sold 05/23/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$405
Total Square Footage:3,530 SF
Transaction Type:Sale
A two-family investment property located at 49 Bayard Street and 27 Myrick Street in Lower-Allston, Boston, was sold for $1,430,000. The property features two units with direct entry, four off-street parking spaces, and convenient access to neighborhood amenities, including Boston Landing Station, Arsenal Yards Shopping, and Harvard Square.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,430,000
- Units: 2
- Price Per Unit: $715,000
- Square Footage: 3,530
- Price Per Square Foot: $405
- Address: 49 Bayard Street
- Market: Allston, MA
Patti Brainard from Compass represented the buyer in this transaction, while the seller was represented by David Fay from Re/Max.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$76,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,080.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,778.93
Annual Debt Service$81,347.15
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