Arrowpoint Properties Acquires Multifamily Property In Groveland, MA For $10.3M

Located at 1 Manor Dr in Groveland, MA, this multifamily property spans over 14.4 acres. The property was sold on October 15, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $10,300,000
• Address: 1 Manor Dr, Groveland, MA
• Market: Groveland, MA
• Acres: 14.4
• Price Per Acre: $715,278

The property consists of 60 units, with each unit being sold at an average price of $171,667.

The buyer, Arrowpoint Properties, was represented by David Lamattina and Jay Goldberg. The deal was facilitated by brokers Spencer Norton, Dennis Kelleher, and John Pentore from Horvath & Tremblay.