Updated Oct 28, 2024
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
Boston 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93