Access Real Estate Acquires Package Deal In Quincy, MA For $3.25M
SOLD
Massachusetts
See Similar DealsMultiFamily19,112 SF
Sold 05/29/2023
SOLD
Access Real Estate Acquires Package Deal In Quincy, MA For $3.25M
49 Copeland St Quincy, MA 02169, USA & 53 Copeland Street
See Similar DealsMultiFamily19,112 SF
Sold 05/29/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$170
Total Square Footage:19,112 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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