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Owners Developers & Managers
Posted: September 30, 2016
Cawley and Braun of United Multi Family sell 20-units for $4.25 million
615-633 Quarry Street - Quincy, MAQuincy, MA United Multi Family (UMF) brokered the sale of a 20 unit apartment building at 615-633 Quarry St. for $4.25 million ($212,500 per unit).
Handled by Richard Cawley and Jason Braun, the residences are comprised of 12-two bedroom and 8-one bedroom apartments in a 2-two story brick and vinyl sided garden style building built in 1960. Located within walking distance to public transportation and access to the highway. There is off street parking and an on-site laundry facility.
The CAP rate at the time of sale was 5.44% with the property having a gross annual income of $318,960.
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