Ryan Quinn & John Federico Of Grove Property Group Sell South Boston Multifamily For $2.55M
178 L Street
$2,550,000
$428/SF
Building Size
5,954 SF
Asset Type
MultiFamily
Closing
Jun 30, 2025
AI
The asset involved in this transaction is a multifamily property located at 178 L Street in South Boston, MA. The sale price for this property was $2,550,000, encompassing a total square footage of 5,954 and a price per square foot of $428.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Address: 178 L Street
- Market: South Boston, MA
- Square Footage: 5,954
- Price Per Square Foot: $428
- Brokers: Ryan Quinn & John Federico - Grove Property Group
Ryan Quinn and John Federico represented the buyer in this transaction through Grove Property Group, facilitating the sale of the multifamily asset. Their involvement highlights the professional brokerage services provided in the South Boston real estate market.
Players
South Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93