Updated Sep 9, 2024
Branca Real Estate Represents Buyer In $1.7M Multifamily Sale In Quincy, MA
53-55 Centre St, Boston, MA, USA
$1,700,000
$296/SF
Building Size
5,732 SF
Asset Type
MultiFamily
Closing
Sep 10, 2021
About this deal
AI
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.
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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93