Nick Richardson Acquires Multifamily Property From Juanita Upton In Charlestown For $1.55M
51 Pleasant Street
$1,550,000
$698/SF
Building Size
2,219 SF
Asset Type
MultiFamily
Closing
Aug 30, 2024
AI
The property asset involved in this transaction is a multifamily unit located at 51 Pleasant Street in Charlestown, MA. It was sold for a price of $1,550,000, consisting of 3 units. The total square footage of the property is 2,219, resulting in a price per unit of $516,666 and a price per square foot of $698.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 51 Pleasant Street
- Market: Charlestown, MA
- Units: 3
- Square Footage: 2,219
- Price Per Unit: $516,666
- Price Per Square Foot: $698
- Buyer: Nick Richardson
- Seller: Juanita Upton
- Broker’s Representative: Lauren Rayappu - Elevated Realty
- Broker’s Representative: Sandra McLaughlin - Century 21
The key individuals involved in this transaction include the buyer, Nick Richardson, and the seller, Juanita Upton. The brokers representing the transaction are Lauren Rayappu from Elevated Realty and Sandra McLaughlin from Century 21, who facilitated the deal.
Players
Charlestown MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93