40 Fay St, Unit 501

772 Sq. Ft.
$892 / Sq. Ft.
772
Sq. Ft.
$892
per Sq. Ft.

Description

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...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.
  1. Listed by Haywood Kristiansen Group • Coldwell Banker Realty - Boston
  2. Listed by Benjamin Haywood • Coldwell Banker Realty - Boston
  3. Listed by Annette Kristiansen • Coldwell Banker Realty - Boston

Property Details for 40 Fay Street, Unit 501

Town
Boston
MLS Area
South End
Area
MA-Boston-South End, MA-Boston
Style
Mid-Rise
Garage Spaces
0
Parking Spaces
.00
Unit Placement
Upper
LISTING UPDATED: 01/20/2026 11:34 AM

Property Details for 40 Fay Street, Unit 501

StatusActive
MLS #73467867
Days on Market13
Taxes$8,430 / year
HOA Fees$692 / month
Compass TypeCondo
MLS TypeCondominium/Co-Op / Condo
Year Built2006
CountySuffolk County

Location

Listing Courtesy of Coldwell Banker Realty - Boston, Haywood Kristiansen Group; Coldwell Banker Realty - Boston, Benjamin Haywood; Coldwell Banker Realty - Boston, Annette Kristiansen
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Building Information for 40 Fay Street, Unit 501

Building/ComplexGateway TerraceFloor5Stories-Residences138Pet PolicyAllowedPet Policy DetailsPets AllowedYear Built2006

Payment Calculator

$4,753 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,358

Property Taxes

$703

HOA Dues

$692

The Payment Calculator is for illustrative purposes only.

Property Information for 40 Fay Street, Unit 501

General Details
Property Details
  • Association Amenities: Hot Water, Elevator(s), Garden Area
  • Building Area Units: Square Feet
  • Living Area: 772.0
  • SqFt with Basement: No
  • Total Units: 138
  • Property Attached: Yes
  • Type of Condo: Condo
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: N
  • Num of Baths: 1.0
  • Num of Full Baths: 1
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 1.00
  • Bathrooms Total Integer: 1
  • FireplaceYN: No
  • Fireplaces: 0
  • SpaYN: No
Exterior Features
  • Entry Location: Upper
  • Structure Type: Mid-Rise
  • Waterfront Features: 1 to 2 Mile To Beach
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • 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.
Tax Information
  • Tax ID: 4705803
  • Assessments: $674,000
  • Book: 62132
  • Tax Year: 2026
  • Zoning: Res
Building / Association Information
Living Characteristics
  • Beds Total: 0
  • Total Living Levels: 1
Complex & Association Information
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Heat, Gas, Water, Sewer, Insurance, Security, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
  • Complex Name: Gateway Terrace
  • Adult Community: No
Unit Information
Unit Information
  • Unit Building: 501
  • Unit Floor Level Integer: 5.0

Property History for 40 Fay Street, Unit 501

DateEvent & SourcePriceAppreciation
Jan 13, 2026

Listed (Active)

MLS PIN #73467867

$689,000—
Aug 30, 2016

Sold (Public Record)

Public Record #578675103

$565,000

+10.0% / yr

Aug 27, 2012

Sold

MLS PIN #71395241

$385,000—
Aug 21, 2012

Sold (Public Record)

Public Record #337781070

$385,000—
Jun 15, 2012

Contingent

MLS PIN #71395241

—
Jun 11, 2012

Listed (Active)

MLS PIN #71395241

$379,000—
DateEvent & SourcePrice
01/13/2026

Listed (Active)

MLS PIN #73467867

$689,000
08/30/2016

Sold (Public Record)

Public Record #578675103

$565,000

+10.0% / yr

08/27/2012

Sold

MLS PIN #71395241

$385,000
08/21/2012

Sold (Public Record)

Public Record #337781070

$385,000
06/15/2012

Contingent

MLS PIN #71395241

—
06/11/2012

Listed (Active)

MLS PIN #71395241

$379,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40 Fay Street, Unit 501

Taxable ValueLand-Additions$674,100Total-
Tax Record2025$7,806 ($650 / month)
Home Facts
Beds1Baths1Total Finished SqFt772 SqFtAbove Grade Finished SqFt772 SqFtStories1Lot Size772 SqFtStyleCondominiumYear Built2006ZoningCDCountySUFFOLKAPNCBOS W:03 P:06390 S:060

Schools near 40 Fay Street, Unit 501

This home is within Boston Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Public - PK to 6
Public - 2 to 12
Rating
School
Distance
Josiah Quincy Elementary School
PublicPK to 5

Quincy Upper School
Public6 to 12

Blackstone Elementary School
PublicPK to 6

Mel H King Elementary
Public2 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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40 Fay Street, Unit 501 is a condo for sale in Boston, MA 02118. This property was listed for sale on January 13, 2026 by Coldwell Banker Realty - Boston, it's currently listed at $689,000. It has been on the market for a total of 13 days and was last sold on August 30, 2016. This listing's school district is Boston Public Schools. Nearby schools include Josiah Quincy Elementary School, Quincy Upper School and Blackstone Elementary School. 40 Fay Street, Unit 501 is a 0-bed, 1-bath, 772 sqft condo built in 2006.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Coldwell Banker Realty - Boston, Haywood Kristiansen Group; Coldwell Banker Realty - Boston, Benjamin Haywood; Coldwell Banker Realty - Boston, Annette Kristiansen

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.