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William MacDonald Of Mill Creek Residential Sells Deco Apartments In Quincy For $67M

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SOLD
$67,000,000

Massachusetts

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MultiFamily
Sold 11/21/2025
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Property Image
SOLD

William MacDonald Of Mill Creek Residential Sells Deco Apartments In Quincy For $67M

625 Burgin Parkway

See Similar Deals
MultiFamily
Sold 11/21/2025
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

The property asset involved in the transaction is a 180-unit multi-family dwelling located at 625 Burgin Parkway, Quincy, MA. The sale price was $67,000,000, reflecting a price per unit of $372,222. This transit-oriented property is positioned conveniently across from the Quincy Adams Station on the MBTA Red Line.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $67,000,000
  • Units: 180
  • Price Per Unit: $372,222
  • Seller: William MacDonald - Mill Creek Residential
  • Market: Quincy, MA

William MacDonald represented Mill Creek Residential in the transaction. The sale reflects a notable 10% increase from the property's previous sale price of $61.6 million in 2021.

Players

William MacDonald
Mill Creek Residential
William MacDonald
4 deals$340M volume
SELLER
Mill Creek Residential
Mill Creek Residential
SELLER

Details

SOLD
IMAGE: William MacDonald DATE: 11/21/2025 ADDRESS: 625 Burgin Parkway MARKET: Quincy, MA ASSET TYPE: MultiFamily SELLER: William MacDonald (@WMacDonald22) - Mill Creek Residential (@MillCreekResidential) SALE PRICE: $67,000,000 UNITS: 180 ~ PPU: $372,222 NOTE: Mill Creek Residential sold Deco Apartments in Quincy for $67.6 million, a 10% increase from its 2021 sale price of $61.6 million. The 180-unit, transit-oriented property is located across from Quincy Adams Station on the MBTA Red Line.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,573,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$238,036.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$317,614.18
Annual Debt Service$3,811,370.18