Updated Dec 21, 2023
Kostas Geroukos Acquires Multifamily Property In Boston For $1.75M
57 Appleton Street, Boston, MA 02116, USA
$1,750,000
$769/SF
Building Size
2,275 SF
Asset Type
MultiFamily
Closing
Aug 27, 2021
About this deal
AI
A multifamily property located at 57 Appleton St in Boston, MA has been sold for $1,750,000. The sale was finalized on August 27, 2021. The property consists of three units with a total square footage of 2,275. The price per unit was approximately $583,333, and the price per square foot was approximately $769.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Date: 08/27/2021
- Address: 57 Appleton St, Boston, MA
Kostas Geroukos acquired the property from Joseph S. Fastow and Ellen K. Fastow. The transaction was facilitated by Joseph S. Fastow's representative.
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93