Updated Oct 28, 2024
Rise Together Acquires Church Property In East Boston For $10M
128 Gove Street, East Boston, Massachusetts 02128, United States
$10,000,000
Building Size
—
Asset Type
Other
Closing
Jun 1, 2022
About this deal
AI
A church located at 128 Gove St in East Boston, MA has been sold for $10,000,000. The property spans an area of 1.13 acres.
Summary of transation details
- Property Type: Church
- Transaction Amount: $10,000,000
- Address: 128 Gove St, East Boston, MA
- Market: East Boston, MA
- Buyer: Rise Together - Jim Grossmann
- Seller: Timothy White & Richard Egan
Jim Grossmann, representing Rise Together, acted as the buyer in this transaction. The seller was Timothy White & Richard Egan.
The other sale at 128 Gove Street, East Boston, Massachusetts 02128, United States in Boston, Massachusetts sold for $10M in 2022. 128 Gove Street, East Boston, Massachusetts 02128, United States is classified as Other on Traded. This page is the Boston, Massachusetts file for the 128 Gove Street, East Boston, Massachusetts 02128, United States other sold: pricing, party profiles, and other closed other comps from the same Boston sit in the Market section below. Filter that Boston other set by closing date to see what else sold near 128 Gove Street, East Boston, Massachusetts 02128, United States around 2022. Published consideration for 128 Gove Street, East Boston, Massachusetts 02128, United States is $10M, dated 2022. Cite this Rise Together Acquires Church Property In East Boston For $10M sale when underwriting similar other product around Boston, Massachusetts.
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Boston Other Market Snapshot
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93