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Tony Pepdjonovic Of Marcus & Millichap Represents Buyer In $1.25M Quincy Multifamily Sale

Property Image
SOLD
$1,250,000

Massachusetts

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MultiFamily6,234 SF
Sold 07/26/2024
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Property Image
SOLD

Tony Pepdjonovic Of Marcus & Millichap Represents Buyer In $1.25M Quincy Multifamily Sale

79 Gilbert Street & 85 Gilbert St, Quincy, MA 02169

See Similar Deals
MultiFamily6,234 SF
Sold 07/26/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$200
Total Square Footage:6,234 SF
Transaction Type:Sale

The property located at 79-85 Gilbert Street in Quincy, MA, is a multifamily asset that was sold for $1,250,000. It includes four updated rental units, comprising two 3-bed, 1-bath townhouses and two 2-bed, 1-bath flats, with a total square footage of 3,117. The price per unit is $312,500, and the price per square foot is $401.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Units: 4
  • Price Per Unit: $312,500
  • Square Footage: 3,117
  • Price Per Square Foot: $401

The deal involved representatives Tony Pepdjonovic from Marcus & Millichap acting as the buyer's representative and Zhonghui Zhu from Keller Williams Realty representing the seller. The transaction was finalized on July 26, 2024.

Players

Tony Pepdjonovic
77 deals$383.6M volume
BROKER

Zhonghui Zhu
6 deals$9.3M volume
BROKER

Details

SOLD
IMAGE: Tony Pepdjonovic & Zhonghui Zhu DATE: 07/26/2024 ADDRESS: 79-85 Gilbert Street MARKET: Quincy, MA ASSET TYPE: Multifamily BUYER'S REP: Tony Pepdjonovic - Marcus & Millichap SELLER'S REP: Zhonghui Zhu - Keller Williams Realty SALE PRICE: $1,250,000 UNITS: 4 ~ PPU: $312,500 SF: 3,117 ~ PPSF: $401 NOTE: 79-85 Gilbert St, Quincy, MA, sold for $1.25M, featuring four updated rental units in a high-demand area. The property includes two 3-bed, 1-bath townhouses and two 2-bed, 1-bath flats, with recent renovations and new high-efficiency systems.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
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