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Providential Realty Group Acquires Quincy Multifamily For $1.5M

Property Image
SOLD
$1,500,000
Chris Yang
Thomas Gay

Massachusetts

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MultiFamily5,020 SF
Sold
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Property Image
SOLD

Providential Realty Group Acquires Quincy Multifamily For $1.5M

217 Franklin Street

See Similar Deals
MultiFamily5,020 SF
Sold
Chris Yang
Thomas Gay
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$298
Total Square Footage:5020 SF
Transaction Type:Sale

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
Chris Yang
7 deals$8.1M volume(781) 414-9550
BROKER
Thomas Gay
Providential Realty Group
Thomas Gay
1 deal$1.5M volume(508) 930-8590
BROKER

Details

SOLD
IMAGE: Chris Yang & Thomas Gay DATE: 12/28/2023 ADDRESS: 217 Franklin Street MARKET: Quincy, MA ASSET TYPE: Multifamily BUYER'S REP: Thomas Gay - Providential Realty Group SELLER'S REP: Chris Yang - Keller Williams (@KellerWilliamsBSW) SALE PRICE: $1,500,000 SF: 5,020 ~ PPSF: $299 NOTE: The multifamily property located at 217 Franklin Street in Quincy changed hands for $1.5 million. Providential Realty Group, represented by buyer's agent Thomas Gay, acquired the asset, covering 5,020 square feet, for $299 per square foot, with Chris Yang of Keller Williams serving as the seller's representative.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$5,329.19
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