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

Condominium

Type

183

Days on Market

Active Price Drop -$10,000 Listed Jan 13, 2026 • MLS# 73467867 Copied! • Updated May 4, 2026

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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

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
03/09/2026	↓ Price Reduced	$679,000	$10,000	-	From $689,000 to $679,000 (-1.4%)
01/13/2026	🏠 Listed for Sale	$689,000	-	-	Original listing

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

Parking

Features None

Utilities

Electric None

Water Public

Sewer Public Sewer

Gas None

Other None

Financial

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

MA Disclosures

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.

Additional Details

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 District

Boston School District local

C-

🎓 Where Graduates Go Class of 2021

52% attend college

38% 4-Year 14% 2-Year 7% Out of State 7% Working

⚠ School Safety 2024-25

3.7% Above Average

3.2% Suspensions 0.3% In-School 0.5% Emergency

↓ 1.8% below state avg

E

Elementary Schools

10 schools

F

Blackstone Elementary School

0.4 mi | #809 of 824 | Score: 26.3

Improved 12 spots from last year

-31.9 below state avg

582 students Moderate

Grades PK-06

D

Melvin H. King South End Academy

0.5 mi | #24 of 25 | Score: 20.2

Improved 363 spots from last year

-38.1 below state avg

125 students Diverse

Rising School Diverse Student Body

Grades PK-12

F

Condon K-8 School

0.7 mi | #345 of 352 | Score: 24.6

Improved 13 spots from last year

-33.6 below state avg

518 students Diverse

Diverse Student Body

Grades PK-08

C

Hurley K-8 School

0.7 mi | #258 of 352 | Score: 35.8

Dropped 23 spots from last year

-22.4 below state avg

335 students Moderate

Grades PK-08

B

Excel Academy Charter School

0.8 mi | #155 of 346 | Score: 54.9

Improved 160 spots from last year

-3.3 below state avg

1,379 students Moderate

High Graduation Rate Rising School

Grades 05-12

St. Peter Academy School

0.9 mi

Grades PK-08

The Learning Project

0.9 mi

Grades K-06

Park Street School

1.0 mi

Grades K-07

Kingsley Montessori School

1.0 mi

Grades PK-06

Advent School

1.1 mi

Grades K-06

M

Middle Schools

10 schools

Middle School Academy

1.0 mi

F

Higginson/Lewis K-8 School

1.9 mi | #349 of 352 | Score: 23.6

Improved 3 spots from last year

-34.6 below state avg

213 students Diverse

Grades 03-08

A

Uncommon Schools - Roxbury Preparatory Dorchester Campus Middle School

2.3 mi | #4 of 16 | Score: 41.9

Improved 187 spots from last year

-16.3 below state avg

1,126 students Diverse

Rising School College Ready Curriculum

Grades 05-08

Nativity Prep School

2.4 mi

Grades 05-08

Dearborn Middle School

2.6 mi

Mother Caroline Academy

2.7 mi

Grades 05-08

Epiphany School

3.5 mi

Grades 05-08

C

Ohrenberger School

7.1 mi | #265 of 352 | Score: 34.9

Improved 20 spots from last year

-23.3 below state avg

477 students Diverse

Rising School Diverse Student Body

Grades 03-08

UP Academy

1.0 mi

Timilty Middle

1.6 mi

H

High Schools

10 schools

Cathedral High School

0.3 mi

9 sports • 430 athletes

Grades 07-12

C

Quincy Upper School

0.3 mi | #268 of 346 | Score: 44.6

Improved 4 spots from last year

-13.6 below state avg

557 students Very Diverse

12 sports • 208 athletes

High Graduation Rate Diverse Student Body

Grades 06-12

Newman School

1.1 mi

Grades 07-12

B

Dearborn STEM Academy

1.4 mi | #13 of 25 | Score: 31.7

Improved 356 spots from last year

-26.6 below state avg

565 students Diverse

10 sports • 242 athletes

Early College Program Rising School

Grades 07-12

A-

O'Bryant School of Math & Science

1.5 mi | #90 of 346 | Score: 61.1

Improved 94 spots from last year

+2.9 above state avg

1,509 students Very Diverse

High Graduation Rate Rising School College Ready Curriculum Diverse Student Body

Grades 07-12

A+

Boston Latin School

1.9 mi | #19 of 346 | Score: 73.3

Improved 61 spots from last year

+15.1 above state avg

2,424 students Very Diverse

18 sports • 2,006 athletes

Strong AP Program High Graduation Rate Rising School Strong Athletics

Grades 07-12

C

Ruth Batson Academy

2.1 mi | #19 of 25 | Score: 27.6

Improved 346 spots from last year

-30.6 below state avg

604 students Diverse

8 sports • 128 athletes

Early College Program Rising School

Grades 07-12

A+

Boston Latin Academy

2.1 mi | #2 of 25 | Score: 63.9

Improved 214 spots from last year

+5.7 above state avg

1,693 students Very Diverse

17 sports • 1,298 athletes

High Graduation Rate Rising School Strong Athletics Diverse Student Body

Grades 07-12

D

Charlestown High School

2.6 mi | #322 of 346 | Score: 31.0

Improved 49 spots from last year

-27.2 below state avg

754 students Diverse

11 sports • 488 athletes

Early College Program Rising School

Grades 07-12

Meridian Academy

2.9 mi

Grades 06-09

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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.

Contact Us

Steven Novak

BMN Boston Real Estate

(617) 955-2224 mail@steve-novak.com

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