Updated Sep 9, 2024
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
9,556 SF
Asset Type
MultiFamily
Closing
May 29, 2023
About this deal
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
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