Branca Real Estate Represents Buyer In $1.7M Multifamily Sale In Quincy, MA
SOLD
$1,700,000
Massachusetts
See Similar DealsMultiFamily5,732 SF
Sold 09/10/2021
SOLD
Branca Real Estate Represents Buyer In $1.7M Multifamily Sale In Quincy, MA
53-55 Centre St, Boston, MA, USA
See Similar DealsMultiFamily5,732 SF
Sold 09/10/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$296
Total Square Footage:5,732 SF
Transaction Type:Sale
A multifamily property located at 53-55 Centre St in Quincy, MA was recently sold for $1,700,000. The property spans 5,732 square feet, resulting in a price per square foot of $297. The transaction took place on September 10, 2021. The buyer's representative in the deal was Joshua McKenna from Branca Real Estate, while the seller's representative was Giang Nguyen from Costantino Realty Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Address: 53-55 Centre St, Quincy, MA
- Market: Quincy, MA
- Property Size: 5,732 square feet
- Price per Square Foot: $297
Giang Nguyen from Costantino Realty Group represented the seller in this transaction, while Joshua McKenna from Branca Real Estate acted as the buyer's representative. The deal showcases the involvement of these key individuals and their respective agencies in the successful sale of the multifamily property located in Quincy, MA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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