Updated Dec 5, 2024
BAZ LLC Sells 37-Unit Multifamily Portfolio In Quincy MA For $10 Million
5 Bishop Road, 14 Bishop Road, 20 Bishop Road, 26 Bishop Road, 170 Summit Avenue, 176 Summit Avenue, 182 Summit Avenue & 186 Summit Avenue
$10,000,000
Units
37
Asset Type
MultiFamily
Closing
Nov 10, 2024
About this deal
AI
A 37-unit multifamily apartment portfolio located at 5, 14, 20, 26 & 32 Bishop Road and 170, 176, 182 & 186 Summit Avenue in Quincy, MA was sold for $10 million. The price per unit was recorded at $270,270.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,000,000
- Units: 37
- Seller: BAZ, LLC
- Broker: Angela Nuss, Jay Nuss & Liz Tavares - Jay Nuss Realty Group
The transaction involved Jay Nuss Realty Group, LLC, which represented the seller, BAZ, LLC, and also procured the buyer for this multifamily property portfolio in Quincy, MA.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93