Updated Dec 19, 2023
Marcus & Millichap Brokers $6.9M Sale Of 34-Unit Apartment Building In Quincy, MA
40 Butler Rd, Quincy, MA 02169, USA
$6,900,000
$265/SF
Building Size
25,990 SF
Asset Type
Other
Closing
Sep 7, 2020
About this deal
AI
An apartment property located at 40 Butler Road in Quincy, MA has been sold for a total of $6,900,000. The property consists of 34 units, with each unit costing approximately $202,941.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $6,900,000
- Units: 34
- Price Per Unit: $202,941
- Address: 40 Butler Road, Quincy, MA
- Market: Quincy, MA
Evan Griffith & Tony Pepdjonovic, representing Marcus & Millichap, acted as the brokers in this transaction.
The other sale at 40 Butler Rd, Quincy, MA 02169, USA in Quincy, Massachusetts sold for $6.9M in 2020. Reported inventory is 25,990 square feet across 34 units, or about 265 per square foot. Tony Pepdjonovic, Evan Griffith, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Quincy, Massachusetts file for the 40 Butler Rd, Quincy, MA 02169, USA other sold: pricing, party profiles, and other closed other comps from the same Quincy sit in the Market section below. Filter that Quincy other set by closing date to see what else sold near 40 Butler Rd, Quincy, MA 02169, USA around 2020. Published consideration for 40 Butler Rd, Quincy, MA 02169, USA is $6.9M, dated 2020. Cite this Marcus & Millichap Brokers $6.9M Sale Of 34-Unit Apartment Building In Quincy, MA sale when underwriting similar other product around Quincy, Massachusetts.
Players
Quincy Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93