Synergy Investments Acquires Multifamily Property In Quincy, MA For $114.5M

Located at 2 Hancock St in Quincy, MA, this recently sold multifamily property is a notable addition to the local market. The transaction, which took place on January 7, 2022, involved the sale of 280 units at a price of $114,500,000. With a per-unit price of $408,929, this property offers a lucrative investment opportunity.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $114,500,000
• Address: 2 Hancock St, Quincy, MA
• Market: Quincy, MA
• Buyer: Synergy Investments
• Seller: Neponset Landing LLC
• Seller's Representative: Simon Butler, Biria St. John & John McLaughlin - CBRE

CBRE's team, consisting of Simon Butler, Biria St. John, and John McLaughlin, represented the seller, Neponset Landing LLC, in this transaction. Their expertise and negotiation skills played a crucial role in ensuring a successful deal. Synergy Investments emerged as the buyer, recognizing the potential of this multifamily property in Quincy's market.