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9a Grove St, Boston, MA, USA

Updated Oct 28, 2024

North Griggs LLC Acquires Multifamily Property At 9 A Grove St, Boston For $3.5M
SOLDMultiFamily

North Griggs LLC Acquires Multifamily Property At 9 A Grove St, Boston For $3.5M

9a Grove St, Boston, MA, USA

$3,500,000

$1,158/SF

Building Size

3,020 SF

Asset Type

MultiFamily

Closing

Jul 28, 2021

About this deal

AI

Selmasson Holdings LLC has sold a multifamily property located at 9 A Grove St in Boston, MA. The transaction took place on July 29, 2021. The property spans 3,020 square feet and was sold for a total price of $3,500,000. This equates to a price per square foot of $1,159. The property consists of four units, with each unit being sold for an average price of $875,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Address: 9 A Grove St, Boston, MA
  • Market: Boston, MA
  • Seller: Selmasson Holdings LLC
  • Buyer: North Griggs LLC
  • Square Footage: 3,020
  • Price per Square Foot: $1,159
  • Number of Units: 4
  • Price per Unit: $875,000

North Griggs LLC served as the buyer in this transaction, while Selmasson Holdings LLC acted as the seller. The deal marked a successful collaboration between these two entities in the Boston market.

Players

SL
Selmasson Holdings LlcSeller

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $3.5M for 3,020 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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