Boston Trust Realty Group And MIG Realty Sell Mixed-Use Property On Newbury St In Quincy, MA For $2.65M
SOLD
$2,650,000
Massachusetts
See Similar DealsMixed-use9,900 SF
Sold 04/26/2021
SOLD
Boston Trust Realty Group And MIG Realty Sell Mixed-Use Property On Newbury St In Quincy, MA For $2.65M
11-17 Newbury St, Quincy, Massachusetts, USA
See Similar DealsMixed-use9,900 SF
Sold 04/26/2021
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$267
Total Square Footage:9,900 SF
Transaction Type:Sale
A mixed-use property located at 11-17 Newbury St in Quincy, MA was recently sold for a total price of $2,650,000. The transaction took place on 04/26/2021, and the property spans across 9,900 square feet. The price per square foot for this sale was $268.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,650,000
- Address: 11-17 Newbury St, Quincy, MA
- Market: Quincy, MA
- Square Footage: 9,900
The sale of this mixed-use property was facilitated by Anthony Jean-Baptiste of Boston Trust Realty Group and MIG Realty. Their expertise in the real estate market played a crucial role in bringing together the buyers and sellers for this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,414.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,562.35
Annual Debt Service$150,748.22
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