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92 Sagamore Street

Danny Zheng Of Keller Williams Represents Buyer In Multifamily Sale In Quincy For $3 Million
SOLDMultiFamily

Danny Zheng Of Keller Williams Represents Buyer In Multifamily Sale In Quincy For $3 Million

92 Sagamore Street & 102 Sagamore Avenue

$3,000,000

$243/SF

Building Size

12,340 SF

Asset Type

MultiFamily

Closing

Jul 23, 2024

AI

A newly built multifamily building at 92-102 Sagamore Avenue in Quincy, MA, has been sold for $3 million. The asset consists of 6 units with a total square footage of 6,170, resulting in a price per unit of $500,000 and a price per square foot of $486. The property includes high-efficiency systems and custom kitchens, providing room for rent growth compared to similar local buildings.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Units: 6
  • Square Footage: 6,170
  • Price Per Unit: $500,000
  • Price Per Square Foot: $486
  • Buyer's Representative: Danny Zheng - Keller Williams
  • Seller's Representative: Stephen Egan - Egan Realty Group

The deal was facilitated by Danny Zheng of Keller Williams as the buyer's representative and Stephen Egan of Egan Realty Group representing the seller. Both agents played crucial roles in executing this transaction, ensuring a smooth process for both parties involved.

Players

Danny Zheng

Keller Williams Realty

Broker

$27M

vol

19 deals

Broker

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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93