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40 Fay St # 501, Boston MA 02118

Boston, MA 02118 • South End
$689,000
$679,000
Est. $5,028/month
1
Baths
772
Sq Ft
$880
Price/Sq Ft
2006
Year Built
181
Days on Market
Active Price Drop -$10,000 Listed Jan 13, 2026 • MLS# 73467867 Copied! • Updated May 4, 2026

About this home

Rarely available luxury loft studio in the heart of SoWa, offering 10' ceilings, polished concrete floors, and an abundance of natural light from two walls of windows showcasing stunning Back Bay skyline views! This 5th floor corner home features a generously sized open-concept layout with a designer kitchen appointed with Bosch & Paykel stainless steel appliances, granite counter tops, gas cooking, and an island ideal for entertaining, along with central heat and AC and in-unit laundry. Gateway Terrace is an elevator building with a common courtyard featuring outdoor lounge seating and a gas grill, ideally located moments from SoWa Open Markets, Ink Block dining and fitness, and Whole Foods! Garage Parking at 35 Fay St available for $125,000.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
1.5%
Price Range

Property Timeline

Price Reduced
Mar 9, 2026
$679,000 $10,000 (-1.45%)
From $689,000 to $679,000 (-1.4%)
🏠
Listed for Sale
Jan 13, 2026
$689,000
Original listing
Agent: Haywood Kristiansen Group Office: Coldwell Banker Realty - Boston

Tax History

Year Taxes Assessment
2026 $8,430 $674,000

Financial Details

Annual Property Tax
$8,430
Tax Year 2026
HOA Fee
$692
Monthly
Assessed Value
$674,000

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 2006
Living Area 772 sq ft
Full Baths 1
Total Rooms 3

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring None
Appliances None
Fireplace None
Basement N
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $8,430
Assessed Value $674,000

HOA & Community

HOA Fee $692 Monthly
Fee Includes Heat, Gas, Water, Sewer, Insurance, Security, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities Hot Water, Elevator(s), Garden Area
Optional Fee Includes None
Down Payment Resource Eligible
Seller Disclosures Garage Parking Available For $125, 000. 2% Of Purchase Price Is Due To The Bra Each Time Unit Is Sold. The Property Is Currently Rented - Tenant In Place Thru Feb 28th, 2026.
Possession None
Accepted Financing None
Structure Type ["Mid-Rise"]
Unit/Building 501
Sq Ft Source Public Record
Documents None
County Suffolk
Total market time (incl. prior listings) 111 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2006
Full Bathrooms
1
Living Area
772 sq ft
Total Rooms
3
Stories
1
Entry Level
5

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: N
Laundry:
Security:

Construction & Materials

Year Built: 2006
Structure Type: Mid-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $703
Homeowners Insurance $200
HOA Fee $692/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Location

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Neighborhood

South End

40 Fay St # 501, Boston MA 02118

Boston, MA 02118

Listing Information

Listing Agent Haywood Kristiansen Group
Listing Office Coldwell Banker Realty - Boston
Office Phone 617-266-4430
Agent MLS ID TM333394
Office MLS ID AN6192
Listing Data Updated May 4, 2026 3:05 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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40 Fay St # 501, Boston MA 02118 - Photo 1 40 Fay St # 501, Boston MA 02118 - Photo 2 40 Fay St # 501, Boston MA 02118 - Photo 3 40 Fay St # 501, Boston MA 02118 - Photo 4 40 Fay St # 501, Boston MA 02118 - Photo 5 40 Fay St # 501, Boston MA 02118 - Photo 6 40 Fay St # 501, Boston MA 02118 - Photo 7 40 Fay St # 501, Boston MA 02118 - Photo 8 40 Fay St # 501, Boston MA 02118 - Photo 9 40 Fay St # 501, Boston MA 02118 - Photo 10
Steven Novak

Steven Novak

BMN Boston Real Estate

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