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46 Winter Street

Caritas Communities Acquires Lodging House In Quincy, MA For $915,000
SOLDMultiFamily

Caritas Communities Acquires Lodging House In Quincy, MA For $915,000

46 Winter Street

$915,000

$237/SF

Building Size

3,848 SF

Asset Type

MultiFamily

Closing

Sep 12, 2022

AI

A lodging house located at 46 Winter St in Quincy, MA was recently sold. The property comprises 17 units with a total area of 3,848 square feet. The sale price for the lodging house was $915,000, resulting in a price per unit of $53,824 and a price per square foot of $238.

Summary of transaction details:

  • Property Type: Lodging House
  • Transaction Amount: $915,000
  • Address: 46 Winter St, Quincy, MA
  • Market: Quincy, MA
  • Units: 17
  • Price per Unit: $53,824
  • Total Area: 3,848 square feet
  • Price per Square Foot: $238

The buyer of the lodging house was Caritas Communities, while John & Susan Grazer acted as the sellers. Kirsten McEleney from Advisors Living represented the sellers in the transaction.

It is worth mentioning that Caritas Communities is an organization that has been providing safe and secure housing in Greater Boston since 1985. Their mission is to prevent homelessness by offering very low-income individuals permanent housing, support, a sense of community, and expanded opportunities. For more information on Caritas Communities, including ways to donate and get involved, you can visit their website at www.caritascommunities.org.

Players

Kirsten McEleney

K&M Real Estate Group

Broker

$12.3M

vol

6 deals

Broker

Quincy 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

17.34%

Cash-on-Cash

-4.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93