Updated Sep 9, 2024
Grove Property Group Sells Multifamily Property On Cleveland Place In Boston For $4.7M
21 Cleveland Place
$4,725,000
$614/SF
Building Size
7,690 SF
Asset Type
MultiFamily
Closing
May 9, 2023
About this deal
AI
A multifamily property located at 21 Cleveland Place in Boston, MA has been sold for a price of $4,725,000. The property consists of 10 units with an average price per unit of $472,500. The total square footage of the property is 7,690, resulting in a price per square foot of $614.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,725,000
- Address: 21 Cleveland Place
- Market: Boston, MA
The sale was facilitated by Ryan Quinn and John Federico from Grove Property Group. They represented the buyer and seller in the transaction.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.36%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93