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53 Gardner Street, Allston,...

Kishore Mosaliganti Acquires Multifamily Property In Allston, MA For $1.8M
SOLDMultiFamily

Kishore Mosaliganti Acquires Multifamily Property In Allston, MA For $1.8M

53 Gardner Street, Allston, Boston, Massachusetts, USA

$1,800,000

$433/SF

Building Size

4,153 SF

Asset Type

MultiFamily

Closing

Sep 21, 2021

AI

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.

Players

Matthew Petty

FRAME Residential

Broker

$20.7M

vol

11 deals

Broker

Boston 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93