Updated Dec 18, 2023
Marcus & Millichap Facilitates $3.67M Sale Of Multifamily Property In Quincy, MA
565-585 Sea Street, Quincy, Massachusetts, USA
$3,670,000
Units
17
Asset Type
MultiFamily
Closing
Oct 22, 2021
About this deal
AI
A multifamily property located at 565-585 Sea Street in Quincy, MA has been sold for $3,670,000. The property consists of 17 units, with a price per unit of $215,882. Evan Griffith and Tony Pepdjonovic from Marcus & Millichap represented the parties involved in the transaction.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,670,000
- Units: 17
- Price Per Unit: $215,882
The sale was facilitated by Evan Griffith and Tony Pepdjonovic, brokers from Marcus & Millichap. They played a crucial role in representing the parties and ensuring the successful completion of the transaction.
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
4.32%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93