Keller Williams Acquires Multifamily Property In Quincy, MA For $1.09M
61 Cranch St, Quincy, Massachusetts, USA
$1,090,000
$384/SF
Building Size
2,833 SF
Asset Type
MultiFamily
Closing
Jun 1, 2020
AI
The multifamily property located at 61 Cranch St in Quincy, MA has been sold for $1,090,000. The property spans 2,833 square feet and was sold at a price of $385 per square foot. The sale was finalized on June 1, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,090,000
- Square Footage: 2,833
- Price per Square Foot: $385
- Address: 61 Cranch St, Quincy, MA
- Market: Quincy, MA
- Seller's Representative: Michael Wood - Allison James Estates & Homes of MA, LLC
- Buyer's Representative: Fine Homes Group - Keller Williams Realty Boston-Metro | Back Bay
In this transaction, Michael Wood from Allison James Estates & Homes of MA, LLC represented the seller, while the buyer was represented by the Fine Homes Group from Keller Williams Realty Boston-Metro | Back Bay.
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
14.55%
Cash-on-Cash
-4.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93