40 Fay St Unit 505
Boston, MA 02118
- 1 bed
- 1 bath
- 691 sqft
- 691 sqft lot
- $997 per sqft
- 2006 build
- – on site
Welcome to this stunning modern loft, ideally situated in Gateway Terrace, right in the heart of Boston’s vibrant South End. Nestled near the dynamic Ink Block neighborhood, this home offers unparalleled access to some of the city’s finest dining, a thriving art gallery scene, sports fields, dog parks, gyms, and the highly coveted Whole Foods Market. Flooded with natural light from expansive east-facing windows, this beautifully designed home features an open-concept layout with a sleek Siematic kitchen, outfitted with high-end Fisher & Paykel and Bosch stainless steel appliances. Enjoy polished concrete floors, granite countertops, gas cooking, in-unit washer/dryer, and generous closet space throughout. Located in a professionally managed, secure elevator building, residents also enjoy access to a beautifully landscaped common courtyard with a shared BBQ area, perfect for entertaining. Rental parking is available. In 2024 the building’s lobbies were beautifully renovated.
Last checked:
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Checking…
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Last updated May 13, 2025
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MLS# 73373614 —
The Building
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Year Built:2006
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Year Built Details:Actual
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Year Built Source:Public Records
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Building Name:Gateway Terrace
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Structure Type:Mid-Rise
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Construction Materials:Brick
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Entry Level:5
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Entry Location:Unit Placement(Upper)
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Roof:Rubber
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Basement:N
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Exterior Features:Professional Landscaping
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Security Features:Intercom
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Unit Number:505
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Stories Total:1
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Stories:1
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# of Units Total:138
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Building Area Total:691
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Building Area Units:Square Feet
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Building Area Source:Public Records
Interior
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Rooms Total:2
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Fireplace:false
Room Dimensions
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Living Area:691
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Living Area Source:Public Record
Location
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Directions:Refer to GPS
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Latitude:42.343326
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Longitude:-71.064796
The Property
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Parcel Number:W:03 P:06390 S:068,4525401
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Property Type:Residential
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Property Subtype:Condominium
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Property Attached:true
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Lot Size Units:Acres
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Lot Size Area:0.02
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Lot Size SqFt:691
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Lot Size Acres:0.02
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Zoning:CD
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Waterview:No
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Waterfront:false
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Farm Land Area Units:Square Feet
Listing Agent
- Contact info:
- Office phone:
- (617) 206-3333
Taxes
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Tax Year:2025
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Tax Book Number:999999
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Tax Annual Amount:7587
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Tax Assessed Value:655200
Beds
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Bedrooms Total:1
Baths
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Total Baths:1
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Total Baths:1
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Full Baths:1
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Master Bath Features:No
The Listing
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Home Warranty:false
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Sub Agency Relationship Offered:No
Heating & Cooling
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Heating:Forced Air
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:false
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Community Features:Public Transportation
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Spa:false
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Pets Allowed:Yes w/ Restrictions
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Association Amenities:Hot Water
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Association Fee:590
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Association Fee Includes:Heat
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Association Fee Frequency:Monthly
Parking
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Garage:false
Monthly cost estimate

Asking price
$689,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$3,689
|
Taxes | $632 |
Insurance | $189 |
HOA fees | $590 |
Utilities | $138 See report |
Total | $5,238/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/13/25
May 13, 2025
|
Listed / Active | MLSPIN | $689,000 | |
4/24/11
Apr 24, 2011
|
Sold | MLSPIN |