Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,500,000
$298/SF
MultiFamily
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Players
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