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49 Copeland St Quincy, MA 0...

Access Real Estate Acquires Package Deal In Quincy, MA For $3.25M
SOLDMultiFamily

Access Real Estate Acquires Package Deal In Quincy, MA For $3.25M

49 Copeland St Quincy, MA 02169, USA & 53 Copeland Street

$3,250,000

$170/SF

Building Size

19,112 SF

Asset Type

MultiFamily

Closing

May 29, 2023

AI

A package deal consisting of two properties at 49 Copeland Street and 53 Copeland Street in Quincy, MA has been sold for $3,250,000. The total square footage of the properties is 9,556, resulting in a price per square foot of $340.

Summary of transaction details

  • Property Type: Package Deal
  • Transaction Amount: $3,250,000
  • Address: 49 Copeland Street & 53 Copeland Street, Quincy, MA
  • Market: Quincy, MA
  • Square Footage: 9,556
  • Price per Square Foot: $340

Katelyn Sullivan from Access Real Estate represented the buyer in this transaction, while Patrick Bateson, also from Access Real Estate, acted as the seller's representative.

Players

Patrick Bateson

Access Real Estate

Broker

$3.3M

vol

1 deal

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

4.88%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93