Patti Brainard & David Fay Close $1.43M Multifamily Sale In Allston, MA
49 Bayard Street
$1,430,000
$405/SF
Building Size
3,530 SF
Asset Type
MultiFamily
Closing
May 23, 2024
AI
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.
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
11.09%
Cash-on-Cash
-3.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93