Updated Dec 21, 2023
Michael A. Harper Acquires Multifamily Property In Boston, MA For $2.55M
24 Appleton Street, Boston, Massachusetts, USA
$2,550,000
$903/SF
Building Size
2,824 SF
Asset Type
MultiFamily
Closing
Aug 11, 2021
About this deal
AI
Located at 24 Appleton St in Boston, MA, this multifamily property was recently sold in a closed transaction. The property consists of 4 units, offering a total square footage of 2,824. The sale price for this property was $2,550,000, resulting in a price per unit of $637,500 and a price per square foot of $903.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Address: 24 Appleton St, Boston, MA
- Market: Boston, MA
- Buyer: Michael A. Harper
- Seller: Ann P. Manubay & Debney M. Frake
- Units: 4
- Price per Unit: $637,500
- Square Footage: 2,824
- Price per Square Foot: $903
The buyer of this property, Michael A. Harper, acquired it from the sellers, Ann P. Manubay & Debney M. Frake. This transaction showcases the successful deal between these key individuals, representing their respective interests in the sale of this attractive multifamily asset.
Players
Boston 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93