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Grove Property Group Sells Multifamily Property In Boston, MA For $6.7M

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SOLD
$6,700,000

Massachusetts

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MultiFamily6,400 SF
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SOLD

Grove Property Group Sells Multifamily Property In Boston, MA For $6.7M

35 Grove St Boston, MA 02114, USA

See Similar Deals
MultiFamily6,400 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1046
Total Square Footage:6400 SF
Transaction Type:Sale

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

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

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

Details

SOLD
IMAGE: John Federico & Ryan Quinn DATE: 06/02/2023 ADDRESS: 35 Grove Street MARKET: Boston, MA ASSET TYPE: Multifamily BROKERS: John Federico (@GPGBoston) & Ryan Quinn - Grove Property Group SALE PRICE: $6,700,000 UNITS: 10 ~ PPU: $670,000 SF: 6,400 ~ PPSF: $1,047

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$23,803.70
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