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
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