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24 Appleton Street, Boston,...

Updated Dec 21, 2023

Michael A. Harper Acquires Multifamily Property In Boston, MA For $2.55M
SOLDMultiFamily

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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Deal FAQ

About $903 per square foot on a published $2.6M for 2,824 square feet (2021).

Browse Massachusetts multifamily sales on Traded.

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

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