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333 Granite Street

J & J Companies, Inc Acquires 6-Unit Multi-Family Property In Quincy, MA For $1.67M
SOLDMultiFamily

J & J Companies, Inc Acquires 6-Unit Multi-Family Property In Quincy, MA For $1.67M

333 Granite Street

$1,670,000

$371/SF

Building Size

4,500 SF

Asset Type

MultiFamily

Closing

Jul 28, 2022

AI

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.

Players

Heidy Barreiro

Broker

$5.3M

vol

6 deals

Broker
JI
J & J Companies, IncBuyer

Braintree MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.50%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93