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41 Miller Stile Rd Quincy, ...

Mahmoud El Hashash Acquires Multifamily Property In Quincy, MA For $1.04M
SOLDMultiFamily

Mahmoud El Hashash Acquires Multifamily Property In Quincy, MA For $1.04M

41 Miller Stile Rd Quincy, MA 02169, USA

$1,040,000

$304/SF

Building Size

3,412 SF

Asset Type

MultiFamily

Closing

Jun 16, 2023

AI

Located at 41-43 Miller Stile Road in Quincy, MA, this multifamily property has recently been sold in a closed transaction. The property consists of 2 units, with a total of 3,412 square feet of space. The sale price for this property was $1,040,000, resulting in a per unit price of $520,000. The price per square foot is calculated to be $305.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,040,000
  • Units: 2
  • Price Per Unit: $520,000
  • Square Footage: 3,412
  • Price Per Square Foot: $305

The buyer of this property is Mahmoud El Hashash, while the seller is Trustee Of The Brookside Manor II Realty Trust represented by Michelle Ring. Kirsten McEleney from K&M Real Estate Group acted as the broker in this transaction.

Players

Kirsten McEleney

K&M Real Estate Group

Broker

$12.3M

vol

6 deals

Broker

Boston 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

15.25%

Cash-on-Cash

-4.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93