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Yanjuan Wang Of New Century Realty Represents Buyer In $1.3M Quincy Multifamily Sale

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SOLD
$1,300,000

Massachusetts

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MultiFamily2,784 SF
Sold
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SOLD

Yanjuan Wang Of New Century Realty Represents Buyer In $1.3M Quincy Multifamily Sale

47-49 Botolph Street

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MultiFamily2,784 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$467
Total Square Footage:2784 SF
Transaction Type:Sale

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

Chris Yang
7 deals$8.1M volume(781) 414-9550
BROKER

Details

SOLD
IMAGE: Chris Yang DATE: 07/18/2024 ADDRESS: 47-49 Botolph Street MARKET: Quincy, MA ASSET TYPE: Multifamily BUYER'S REP: Yanjuan Wang - New Century Realty SELLER'S REP: Chris Yang - Keller Williams Realty Boston South West (@KellerWilliamsBSW) SALE PRICE: $1,300,000 UNITS: 2 ~ PPU: $650,000 SF: 2,784 ~ PPSF: $467 NOTE: A newly built colonial two-family home at 47-49 Botolph St in Quincy sold for $1.3 million, featuring five bedrooms and three baths. Located in a desirable neighborhood, it offers high-end finishes, a semi-finished basement, and easy access to public transportation and local amenities.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$69,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96