Paul Colleary & Minh Voduy Facilitate $1.06M Multifamily Sale In Quincy, MA
96 Lancaster Street
$1,060,000
$289/SF
Building Size
3,660 SF
Asset Type
MultiFamily
Closing
May 6, 2024
AI
A two-family home at 96 Lancaster St, Quincy, MA, sold for $1,060,000, featuring 3,660 sq ft of living space, ample parking, and three basement storage units. Located near Quincy Center, the property includes recent updates, such as a new second-floor kitchen, making it ideal for investment or multigenerational living.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,060,000
- Units: 2
- Price Per Unit: $530,000
- Square Footage: 3,660
- Price Per Square Foot: $290
- Address: 96 Lancaster Street
- Market: Quincy, MA
The buyer's representative in the deal was Paul Colleary from Dream Realty, while the seller's representative was Minh Voduy from Thread Real Estate.
Players
Quincy MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.97%
Cash-on-Cash
-4.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93