John Federico & Greater Metropolitan R. E. Acquires Multifamily Property In Boston, MA For $4.55M
SOLD
Massachusetts
See Similar DealsMultiFamily6,400 SF
Sold 12/21/2021
SOLD
John Federico & Greater Metropolitan R. E. Acquires Multifamily Property In Boston, MA For $4.55M
35 Grove Street, Boston, Massachusetts 02114, United States
See Similar DealsMultiFamily6,400 SF
Sold 12/21/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$710
Total Square Footage:6,400 SF
Transaction Type:Sale
The multifamily property located at 35 Grove St in Boston, MA has been sold for $4,550,000. The property spans 6,400 square feet with a price per square foot of $711.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,550,000
- Address: 35 Grove St, Boston, MA
- Market: Boston, MA
- Buyer's Representative: John Federico - Greater Metropolitan R. E.
- Seller's Representative: Lauren Rohr - Red Brick Real Estate, Llc
John Federico from Greater Metropolitan R. E. represented the buyer in this transaction, while Lauren Rohr from Red Brick Real Estate, Llc represented the seller. The deal took place on 12/21/2021.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$242,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,165.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,569.32
Annual Debt Service$258,831.86
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