William Raveis R.E. & Home Services Represents Seller In $1.13M Multifamily Sale On Bromfield St Quincy
SOLD
$1,130,000
Massachusetts
See Similar DealsMultiFamily3,612 SF
Sold 05/17/2021
SOLD
William Raveis R.E. & Home Services Represents Seller In $1.13M Multifamily Sale On Bromfield St Quincy
150 Bromfield Street, Quincy, MA 02170
See Similar DealsMultiFamily3,612 SF
Sold 05/17/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$312
Total Square Footage:3,612 SF
Transaction Type:Sale
A multifamily property located at 150 Bromfield St in Quincy, MA has been sold. The property comprises 3,612 square feet and was purchased for a total price of $1,130,000, resulting in a price per square foot of $313. The sale took place on May 17, 2021. The property features multiple residential units, making it suitable for investment or rental purposes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,130,000
- Square Footage: 3,612
- Address: 150 Bromfield St, Quincy, MA
- Market: Quincy, MA
The seller's representative for this transaction was Austin Partain from William Raveis R.E. & Home Services, while the buyer was represented by Jing Zheng from Success! Real Estate. Both parties played crucial roles in facilitating the successful sale of the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$60,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,014.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,356.78
Annual Debt Service$64,281.32
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