Updated Dec 21, 2023
Derek Wong - V & E Realty Sells Multifamily Property In Quincy, MA For $1.425M
69-71 Billings Rd, Quincy, MA, USA
$1,425,000
$367/SF
Building Size
3,883 SF
Asset Type
MultiFamily
Closing
Aug 30, 2021
About this deal
AI
The multifamily property located at 69-71 Billings Rd in Quincy, MA was recently sold in a closed transaction. The property spans 3,883 square feet and was sold for a price of $1,425,000, resulting in a price per square foot of $367.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,425,000
- Square Footage: 3,883
- Price per Square Foot: $367
- Market: Quincy, MA
The sale of this multifamily property was facilitated by Derek Wong from V & E Realty. He represented the interested parties involved in the transaction and played a key role in ensuring the successful completion of the deal.
Players
Quincy MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Derek Wong to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.13%
Cash-on-Cash
-3.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93