Lena DeBuccia
29-39 Newcomb Street
Quincy, MA
$6,950,000
.61 ACRES
LOT

Property Details

Price: $6,950,000
Lot Size: .61 Acres
39 Units
Twenty 2 Bedroom, 2 Bathroom Units
Nineteen 2 Bedroom, 1.5 Bathroom Units
78 Bedrooms, 59 Bathrooms and 19 Half-Bathrooms
65 Enclosed Parking Spaces
Federal Opportunity Zone which provides for Significant Tax Advantages on Capital Gains
39 Units
Twenty 2 Bedroom, 2 Bathroom Units
Nineteen 2 Bedroom, 1.5 Bathroom Units
78 Bedrooms, 59 Bathrooms and 19 Half-Bathrooms
65 Enclosed Parking Spaces
Federal Opportunity Zone which provides for Significant Tax Advantages on Capital Gains
39 Units
Twenty 2 Bedroom, 2 Bathroom Units
Nineteen 2 Bedroom, 1.5 Bathroom Units
78 Bedrooms, 59 Bathrooms and 19 Half-Bathrooms
65 Enclosed Parking Spaces
Federal Opportunity Zone which provides for Significant Tax Advantages on Capital Gains
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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