2 Seaport Dr Quincy, MA 02171-1599
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Alliance Health at Marina Bay Nursing Home
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Alliance Outpatient Physical Therapy Marina Bay Rehabilitation Center
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Claire Cuddy-Grueter Physician
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Jacqueline Twombly Physician
Minimum PUD/PUD 1 area per dwelling unit (square feet) 1,250 The City Council shall approve the form or forms of ownership and management controls which limit the occupancy to residents who have attained the age of 55 years and which forms may be altered or modified from time to time during the useful life of the facility so long as the age-restricted limita…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
PUD · Quincy, MAMinimum PUD/PUD 1 area per dwelling unit (square feet) 1,250 The City Council shall approve the form or forms of ownership and management controls which limit the occupancy to residents who have attained the age of 55 years and which forms may be altered or modified from time to time during the useful life of the facility so long as the age-restricted limitation is not altered and so long as no temporary or permanent overnight occupancy for a period in excess of 14 days by any person who has not attained the age of 55 years, related or not, is permitted. The spouse of a qualified resident who has attained the age of 55 years may be exempted from the age-restricted limitation hereby imposed. 8.4.8. Congregate elderly facility. In any Planned Unit Development District and Planned Unit Development 1 District, a congregate elderly facility may be permitted, provided that the facility satisfies the application and submittal requirements of this section. 8.4.9. Congregate elderly facility; dimensional requirements. In addition to the requirements of this section and for such congregate elderly facility, the revised dimensional requirements applicable shall be as follows: Minimum PUD/PUD 1 size (square feet) 38,000 Minimum PUD/PUD 1 area per dwelling unit (square feet) 500 Maximum floor area ratio 2.0 Maximum number of stories 6 Minimum number of parking spaces per dwelling unit 0.5 8.4.10. Congregate elderly facility; special permit. Congregate elderly facilities shall be permitted after submission to the Planning Board in accordance with MGL c. 40A, § 11 , and the issuance of a special permit by a two-thirds vote of all members of the City Council. Any change or amendment in the plan or conditions shall require approval by a two-thirds vote of all members of the City Council. 1. Each application shall include a development plan with a building profile and site plan, including existing and proposed topography, public utilities, parking, streets or ways, landscaping and other site-development-related information. 2. Each application also shall include a vicinity map showing the proposed use in relation to transit services, grocery stores, parks and open space, community facilities, medical facilities and a description of proposed management of the facility and the number and types of services to be provided to the residents. 3. Each application shall also include a market survey performed by a reputable marketing firm that outlines the need for the proposed elderly housing facility. 8.4.11. Congregate elderly facility; required facilities.
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Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.