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217 Franklin Street

Providential Realty Group Acquires Quincy Multifamily For $1.5M
SOLDMultiFamily

Providential Realty Group Acquires Quincy Multifamily For $1.5M

217 Franklin Street

$1,500,000

$298/SF

Building Size

5,020 SF

Asset Type

MultiFamily

Closing

Dec 28, 2023

AI

The multifamily property located at 217 Franklin Street in Quincy, MA has been sold for $1.5 million. The property covers an area of 5,020 square feet and was acquired by Providential Realty Group. The sale price amounted to $299 per square foot.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Address: 217 Franklin Street
  • Market: Quincy, MA

Thomas Gay from Providential Realty Group represented the buyer as their agent in this transaction. On the seller's side, Chris Yang from Keller Williams acted as the representative.

It is noteworthy that the buyer, represented by Thomas Gay, acquired the property for $299 per square foot.

Players

Chris Yang

Keller Williams Realty

Broker

$8.1M

vol

7 deals

Broker

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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93