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Patti Brainard & David Fay Close $1.43M Multifamily Sale In Allston, MA

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SOLD
$1,430,000

Massachusetts

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MultiFamily3,530 SF
Sold 05/23/2024
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Property Image
SOLD

Patti Brainard & David Fay Close $1.43M Multifamily Sale In Allston, MA

49 Bayard Street

See Similar Deals
MultiFamily3,530 SF
Sold 05/23/2024
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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.

Players

Patti Brainard
4 deals$6.6M volume
BROKER

David Fay
Re/Max
3 deals$6.1M volume(617) 828-7196
BROKER

Details

SOLD
IMAGE: Patti Brainard & David Fay DATE: 05/23/2024 ADDRESS: 49 Bayard Street MARKET: Allston, MA ASSET TYPE: Multifamily BUYER'S REP: Patti Brainard (@TeamPattiBrainard) - Compass (@Compass) SELLER'S REP: David Fay - Re/Max (@Remax) SALE PRICE: $1,430,000 UNITS: 2 ~ PPU: $715,000 SF: 3,530 ~ PPSF: $405 NOTE: 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.

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

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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