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51 Pleasant Street

Nick Richardson Acquires Multifamily Property From Juanita Upton In Charlestown For $1.55M
SOLDMultiFamily

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

Lauren Rayappu

Elevated Realty

Broker

$1.6M

vol

1 deal

Broker

Charlestown MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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