Updated Sep 9, 2024
EagleBridge Capital Facilitates $3.9M Acquisition Loan For Grove St. Apartment Property In Beacon Hill, Boston
35 Grove St Boston, MA 02114, USA
$3,900,000
Units
5
Asset Type
MultiFamily
Closing
Jul 14, 2023
About this deal
AI
EagleBridge Capital has facilitated a $3.9 million acquisition/permanent mortgage financing deal for a multi-family property located at 35 Grove Street in Beacon Hill, Boston. The property consists of 5 units and is situated in one of Boston's oldest residential communities.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $3,900,000
- Address: 35 Grove Street, Boston, MA
- Market: Boston, MA
- Units: 5
Ted Sidel from EagleBridge Capital served as the broker for this deal. The acquisition financing provided by EagleBridge Capital will enable the buyer to acquire and secure ownership of the apartment property at 35 Grove Street in Beacon Hill, Boston. This transaction represents a significant investment opportunity in one of Boston's historic neighborhoods.
On the Map
$3,900,000
MultiFamily
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Players
Boston MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93