J & J Companies, Inc Acquires 6-Unit Multi-Family Property In Quincy, MA For $1.67M
SOLD
$1,670,000
Massachusetts
See Similar DealsMultiFamily4,500 SF
Sold 07/28/2022
SOLD
J & J Companies, Inc Acquires 6-Unit Multi-Family Property In Quincy, MA For $1.67M
333 Granite Street
See Similar DealsMultiFamily4,500 SF
Sold 07/28/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$371
Total Square Footage:4,500 SF
Transaction Type:Sale
The multi-family property located at 333 Granite St in Quincy, MA has been sold. The property consists of 6 units and spans across 4,500 square feet. The sale price for this transaction was $1,670,000, resulting in a per-unit price of $278,333. The price per square foot is calculated to be $371.
Summary of transaction details
- Property Type: Multi Family
- Sale Price: $1,670,000
- Units: 6
- Price Per Unit: $278,333
- Square Footage: 4,500
- Price Per Square Foot: $371
The buyer in this transaction is J & J Companies, Inc, while the seller is Rene Lumaghini Tr. Facilitating the deal was Heidy Barreiro from J & J Acquisitions, serving as the broker for J & J Companies, Inc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,066.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,933.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,916.65
Annual Debt Service$94,999.82
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