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96 Lancaster Street

Paul Colleary & Minh Voduy Facilitate $1.06M Multifamily Sale In Quincy, MA
SOLDMultiFamily

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

Paul Colleary

Dream Realty

Broker

$2.8M

vol

2 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

14.97%

Cash-on-Cash

-4.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93