Updated Dec 2, 2024
Waterton Acquires Quincy, MA Multifamily From Greystar Real Estate Partners For $84M
10 Faxon Avenue, Quincy, MA 02169, USA
$84,000,000
$355/SF
Building Size
236,154 SF
Asset Type
MultiFamily
Closing
Sep 2, 2021
About this deal
AI
10 Faxon Ave, located in Quincy, MA, has been sold in a recent transaction. The multifamily property consists of 200 units and was sold for a price of $84,000,000, with an average price per unit of $420,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $84,000,000
- Address: 10 Faxon Ave, Quincy, MA
- Number of Units: 200
- Price per Unit: $420,000
Waterton represented by David Schwartz acted as the buyer in this transaction. The seller was Greystar Real Estate Partners. Both parties played a key role in this successful deal.
Players
Quincy 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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93