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178 L Street

Ryan Quinn & John Federico Of Grove Property Group Sell South Boston Multifamily For $2.55M
SOLDMultiFamily

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

John Federico

Grove Property Group

Broker

$189.6M

vol

54 deals

Broker
Grove Property Group
Grove Property GroupBrokerage

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