Updated Sep 9, 2024
Grove Property Group Sells Multifamily Property In Boston, MA For $6.7M
35 Grove St Boston, MA 02114, USA
$6,700,000
$1,046/SF
Building Size
6,400 SF
Asset Type
MultiFamily
Closing
Jun 2, 2023
About this deal
AI
The multifamily property located at 35 Grove Street in Boston, MA has been sold in a closed transaction. The property is comprised of 10 units, with each unit having an approximate price of $670,000. The total sale price for the property is $6,700,000. The property spans a total area of 6,400 square feet, equating to a price per square foot of $1,047.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,700,000
- Units: 10
- Price per Unit: $670,000
- Square Footage: 6,400
- Price per Square Foot: $1,047
- Address: 35 Grove Street, Boston, MA
- Market: Boston, MA
The sale of this multifamily property was facilitated by John Federico and Ryan Quinn from Grove Property Group. They represented the parties involved in the transaction and played a key role in bringing the deal to fruition.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit John Federico to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93