Updated Dec 4, 2024
Tony Pepdjonovic Of Marcus & Millichap Represents Buyer In $1.25M Quincy Multifamily Sale
79 Gilbert Street & 85 Gilbert St, Quincy, MA 02169
$1,250,000
$200/SF
Building Size
3,117 SF
Asset Type
MultiFamily
Closing
Jul 26, 2024
About this deal
AI
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
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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93