Lena DeBuccia

29-39 Newcomb Street
Quincy, MA

$6,950,000
  • .61 ACRES
    LOT

Property Details

An entitled and transit-oriented 39-unit development consisting of either market-rate multifamily or condominium housing on the edge of booming Quincy Center. The asset is ready to be built as a long-term hold investment property, condominium sale, or expansion.

This well located asset also benefits from the Federal Opportunity Zone, which provides for significant tax advantages for short-term capital gains, long-term capital gains, and a stepped-up basis in existing tax liability. The existing conditions consist of cash flowing multi-family on a .61-acre level lot. Walking distance to Quincy Center Train Station and Downtown with Boston sky line views on the upper floors.

This well-located asset consists of 39 units on 5 floors with 65 enclosed garage spaces. The project includes twenty 2-bedroom, 2-bathroom units with a living area of 900-1150 sq. ft. and nineteen 2-bedroom, 1.5 bath units with a living area of 690-800 sq. ft. Buyer to perform due diligence. For more information, please call 781-726-2573.

Lena DeBuccia

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