Updated Dec 21, 2023
Marcus & Millichap Sells Quincy Multifamily Property For $1.92M
79-85 Germain Avenue, Quincy, MA, USA
$1,920,000
$352/SF
Building Size
5,440 SF
Asset Type
MultiFamily
Closing
Nov 15, 2021
About this deal
AI
A multifamily property located at 79-85 Germain Ave in Quincy, MA was recently sold for $1,920,000. The property spans 5,440 square feet, resulting in a price per square foot of $353. The sale was facilitated by Tony Pepdjonovic of Marcus & Millichap Real Estate Investment Services.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,920,000
- Address: 79-85 Germain Ave, Quincy, MA
- Total Square Footage: 5,440 sqft
- Price per Square Foot: $353
- Broker: Tony Pepdjonovic - Marcus & Millichap Real Estate Investment Services
The sale of this multifamily property in Quincy, MA was successfully negotiated by Tony Pepdjonovic of Marcus & Millichap Real Estate Investment Services. The transaction showcases the expertise and professionalism of individuals involved in the industry, further contributing to the growth and development of the real estate market.
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
8.26%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93