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Owners Developers & Managers
Posted: January 25, 2019
Cawley of United Multi Family brokers $3.42 million sale of an 18-unit apartment building known as the Colonial Apartments
Quincy, MA United Multi Family brokered the sale of an 18-unit apartment building known as the Colonial Apartments at 57 Spear St. The property was sold for $3.42 million ($190,000 per unit).
Kurt Cawley of United Multi Family brokered the sale.
The brick residences were built in 1930 and sold by Zampine Management LLC to Stanley Campbell. The property sold in an all cash transaction with a CAP rate at the time of sale of 4.9%.
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