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Winner McDonald Of William Raveis Real Estate Represents Seller In Quincy Multifamily Sale For $1.72M

Property Image
SOLD
$1,720,000

Massachusetts

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MultiFamily14,214 SF
Sold 08/08/2024
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Property Image
SOLD

Winner McDonald Of William Raveis Real Estate Represents Seller In Quincy Multifamily Sale For $1.72M

18 Madison Avenue & 20 Madison Avenue

See Similar Deals
MultiFamily14,214 SF
Sold 08/08/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$121
Total Square Footage:14,214 SF
Transaction Type:Sale

A multi-family property consisting of two luxury units located at 18-20 Madison Avenue in Quincy, MA has been sold for $1,720,000. This asset spans a total of 7,107 square feet, resulting in a price per square foot of $242. The property features 9 bedrooms and 8 bathrooms, with the potential for conversion into a 2-family home.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,720,000
  • Units: 2
  • Price Per Unit: $860,000
  • Square Footage: 7,107
  • Price Per Square Foot: $242
  • Buyer's Representative: Street Property Team - Keller Williams Realty - Chestnut Hill
  • Seller's Representative: Winner McDonald - William Raveis Real Estate

The transaction involved key representatives from both the buying and selling sides. Street Property Team from Keller Williams Realty - Chestnut Hill represented the buyer, while Winner McDonald from William Raveis Real Estate represented the seller.

Players

Winner McDonald
1 deal$1.7M volume(617) 875-2868
BROKER

Details

SOLD
IMAGE: Winner McDonald DATE: 08/08/2024 ADDRESS: 18-20 Madison Avenue MARKET: Quincy, MA ASSET TYPE: MultiFamily BUYER'S REP: Street Property Team - Keller Williams Realty - Chestnut Hill (@KWChestnutHill) SELLER'S REP: Winner McDonald - William Raveis Real Estate (@RaveisBrookline) SALE PRICE: $1,720,000 UNITS: 2 ~ PPU: $860,000 SF: 7,107 ~ PPSF: $242 NOTE: A 9-bed, 8-bath property at 18-20 Madison Ave in Quincy sold for $1.72 million, featuring two luxury units that can be converted into a 2-family home

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$91,733.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,110.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,153.68
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