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:
- Property Type: Student Housing
- Transaction Amount: $11,300,000
- Sale Date: 6/23/2026
- Buyer: Seth Priebatsch - Groma
- Seller: Courtney Donaldson Gus Delfarno
- Brokers: Ryan Quinn, John Federico & Harry Verenis - Grove Property Group
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
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