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Multifamily At 54-56 Athol Street In Allston, MA Sells For $3.2M With Buyer's Rep Ning Sun And Seller's Rep The Residential Group

Property Image
SOLD
$3,225,000

Massachusetts

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MultiFamily11,014 SF
Sold 11/13/2023
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Property Image
SOLD

Multifamily At 54-56 Athol Street In Allston, MA Sells For $3.2M With Buyer's Rep Ning Sun And Seller's Rep The Residential Group

54 Athol Street & 56 Athol Street

See Similar Deals
MultiFamily11,014 SF
Sold 11/13/2023
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$292
Total Square Footage:11,014 SF
Transaction Type:Sale

In Allston, MA, a multifamily property at 54-56 Athol Street was sold for $3,225,000. The property has a total square footage of 5,507, resulting in a price per square foot of $586.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,225,000
  • Square Footage: 5,507
  • Price Per Square Foot: $586
  • Address: 54-56 Athol Street, Allston, MA
  • Market: Allston, MA

The deal involved buyer representation by Ning Sun of United Real Estate and seller representation by The Residential Group of William Raveis Real Estate - Boston - South End.

Players

NS
United Real Estate
Ning Sun
3 deals$6.3M volume
BROKER

Details

SOLD
IMAGE: 11/13/2023 ADDRESS: 54-56 Athol Street MARKET: Allston, MA ASSET TYPE: Multifamily BUYER'S REP: Ning Sun - United Real Estate SELLER'S REP: The Residential Group (@TheResidentialGroup) - William Raveis Real Estate - Boston - South End (@RaveisSouthBoston) SALE PRICE: $3,225,000 SF: 5,507 ~ PPSF: $586 NOTE: In Allston, MA, a multifamily property at 54-56 Athol Street was sold for $3,225,000. The deal involved buyer representation by Ning Sun of United Real Estate and seller representation by The Residential Group of William Raveis Real Estate - Boston - South End.

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

$172,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,457.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,288.15
Annual Debt Service$183,457.74