Updated May 12, 2025
Ryan Quinn & John Federico Of Grove Property Group Facilitate Sale Of Framingham Multifamily For $7.5M
301 Grant Street
$7,500,000
$250/SF
Building Size
30,000 SF
Asset Type
MultiFamily
Closing
Apr 11, 2025
About this deal
AI
The property asset involved in the transaction is a MultiFamily unit located at 301 Grant Street, Framingham, MA. It consists of 30 units and encompasses a total square footage of 30,000. The sale was completed for a total price of $7,500,000, which translates to a price per unit of $250,000 and a price per square foot of $250.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $7,500,000
- Units: 30
- Square Footage: 30,000
- Price Per Unit: $250,000
- Price Per Square Foot: $250
This transaction involved brokers Ryan Quinn and John Federico, representing the deal through Grove Property Group. Their expertise contributed to facilitating this sale in the Framingham market.
Players
Framingham 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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93