City Realty Group Acquires Office Building In Quincy, MA For $18M
1515 Hancock St, Quincy, Massachusetts 02169, United States
$18,000,000
$136/SF
Building Size
132,000 SF
Asset Type
Office
Closing
Jul 20, 2022
AI
The office building located at 1515 Hancock Street in Quincy, MA has been sold in a recent transaction. The property spans approximately 132,000 square feet and is categorized as an office asset. The sale took place on July 21, 2022.
Summary of transaction details
- Property Type: Office
- Sale Price: $18,000,000
- Price per Square Foot: $136
- Address: 1515 Hancock Street, Quincy, MA
- Market: Quincy, MA
The buyer of the property is City Realty Group, represented by Steve Whalen and Fred Starikov. The transaction marks a significant investment in the Quincy real estate market.
Quincy Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93