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35 Grove St Boston, MA 0211...

EagleBridge Capital Facilitates $3.9M Acquisition Loan For Grove St. Apartment Property In Beacon Hill, Boston
FINANCEDMultiFamily

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

Building Size

Asset Type

MultiFamily

Closing

Jul 14, 2023

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.

Players

Ted Sidel

EagleBridge Capital

Broker

$229.7M

vol

17 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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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