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

Property Image
SOLD
$2,550,000

Massachusetts

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MultiFamily5,954 SF
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SOLD

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

178 L Street

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MultiFamily5,954 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$428
Total Square Footage:5954 SF
Transaction Type:Sale

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
52 deals$174M volume(617) 812-9035
BROKER

Ryan Quinn
Grove Property Group
40 deals$135.8M volume(617) 285-9363
BROKER

Grove Property Group
BROKERAGE

Details

SOLD
IMAGE: Ryan Quinn & John Federico DATE: 7/1/2025 ADDRESS: 178 L Street MARKET: South Boston, MA ASSET TYPE: Multifamily BROKERS: Ryan Quinn (@_RyanQuinn) & John Federico (@GPGBoston) - Grove Property Group SALE PRICE: $2,550,000 SF: 5,954 ~ PPSF: $428

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$136,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61