Kishore Mosaliganti Acquires Multifamily Property In Allston, MA For $1.8M
SOLD
$1,800,000
Massachusetts
See Similar DealsMultiFamily4,153 SF
Sold 09/21/2021
SOLD
Kishore Mosaliganti Acquires Multifamily Property In Allston, MA For $1.8M
53 Gardner Street, Allston, Boston, Massachusetts, USA
See Similar DealsMultiFamily4,153 SF
Sold 09/21/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$433
Total Square Footage:4,153 SF
Transaction Type:Sale
A multifamily property located at 53 Gardner Street in Allston, MA has been sold. The property consists of 2 units with a total square footage of 4,153. The asking price for the property was $1,850,000, and it was sold for $1,800,000. The price per unit was $900,000, and the price per square foot was $433.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Date: 09/21/2021
- Address: 53 Gardner Street
- Market: Allston, MA
The buyer of the property is Kishore Mosaliganti, and the seller is John McClure. Bernadine Tsung-Megason from Compass represented the buyer, while Matthew Petty from Town Property Group represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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