Yanjuan Wang Of New Century Realty Represents Buyer In $1.3M Quincy Multifamily Sale
47-49 Botolph Street
$1,300,000
$467/SF
Building Size
2,784 SF
Asset Type
MultiFamily
Closing
Jul 18, 2024
AI
A newly built colonial two-family home located at 47-49 Botolph Street in Quincy, MA has been sold for $1.3 million. The property consists of five bedrooms and three bathrooms, with a total square footage of 2,784. It also features high-end finishes and a semi-finished basement, providing appealing living space. The price per unit stands at $650,000, while the price per square foot is $467.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 2
- Square Footage: 2,784
- Price Per Unit: $650,000
- Price Per Square Foot: $467
- Buyer's Representative: Yanjuan Wang - New Century Realty
- Seller's Representative: Chris Yang - Keller WilliamsRealty Boston South West
This transaction highlights the roles of Yanjuan Wang of New Century Realty representing the buyer and Chris Yang of Keller Williams Realty Boston South West representing the seller. Their involvement facilitated the smooth progression of this property exchange in a desirable neighborhood with easy access to public transportation and local amenities.
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93