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180 Eaton Street

Seth Priebatsch Of Groma Acquires Student Housing At 180 Eaton Street For $11.3M
SOLDStudent Housing

Seth Priebatsch Of Groma Acquires Student Housing At 180 Eaton Street For $11.3M

180 Eaton Street

$11,300,000

$212/SF

Building Size

53,240 SF

Asset Type

Student Housing

Closing

Jun 22, 2026

AI

The property asset involved in this transaction is located at 180 Eaton Street, Providence, RI. This student housing asset encompasses a total square footage of 53,240 and was sold for a transaction amount of $11,300,000, which translates to a price per square foot of $212.

Summary of transaction details:

The key individuals involved in this transaction include Seth Priebatsch, representing Groma as the buyer, and Courtney Donaldson Gus Delfarno as the sellers. The brokers facilitating the transaction are Ryan Quinn, John Federico, and Harry Verenis from Grove Property Group, providing representation for both parties in the sale process.

Players

Harry Verenis

Grove Property Group

Broker

$40.9M

vol

12 deals

Broker
Seth Priebatsch

Seth Priebatsch

Buyer

$73.7M

vol

6 deals

Buyer

Market Student Housing Market Snapshot

Boundary boundary · Student Housing · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.40%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93