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Multifamily In Quincy, MA Sells For $1.05M With Martha Corcoran - William Raveis Real Estate As Buyer's Rep And Carla Pantaleon-Stovell As Seller's Rep
SOLD
$1,050,000
Massachusetts
See Similar DealsMultiFamily5,808 SF
Sold 01/19/2024
SOLD
Multifamily In Quincy, MA Sells For $1.05M With Martha Corcoran - William Raveis Real Estate As Buyer's Rep And Carla Pantaleon-Stovell As Seller's Rep
113 Merrymount Road & 115 Merrymount Road
See Similar DealsMultiFamily5,808 SF
Sold 01/19/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$180
Total Square Footage:5,808 SF
Transaction Type:Sale
A multifamily property located at 113-115 Merrymount Road in Quincy, MA was recently sold for $1,050,000. The property spans 2,904 square feet and has a price per square foot of $362.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 113-115 Merrymount Road, Quincy, MA
- Market: Quincy, MA
Martha Corcoran of William Raveis Real Estate represented the buyer in the transaction, while Carla Pantaleon-Stovell of Exit Realty Group represented the seller. The buyer's representative, Martha Corcoran, assisted in the successful acquisition of the property, while Carla Pantaleon-Stovell acted as the seller's representative.
Please note that Martha Corcoran is associated with William Raveis Real Estate and Carla Pantaleon-Stovell is associated with Exit Realty Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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