Grove Property Group solidifies over $41 million in South Boston sales volume for 2025 after closing $3.85 million mixed-use deal

South Boston, MA Grove Property Group, guided by John Federico and Ryan Quinn, successfully concluded the quarter with the sale of four multifamily and mixed-use buildings totaling 15 units. This significant year-end activity drove the firm's total 2025 sales volume exceeding $41 million in South Boston alone, highlighting continued investor confidence and steady demand for well-located income-producing properties in the sought-after market.

The substantial year-end activity was headlined by the $3.85 million sale of 489 East Broadway. Grove Property Group represented both sides in the transaction of this five-unit mixed-use brick building, which is anchored by Blank Street Coffee. Located at one of South Boston’s prominent intersections, this property exemplifies the enduring demand for well-positioned urban retail/residential assets. The asset was previously owned by Torrington Properties, with whom Grove Property Group maintains a long-standing relationship and is currently working on other deals with the firm.

Additionally, the team completed the $4.025 million sale of 701 East 2nd Street, a turn-key, ground-up residential building acquired as part of a 1031 exchange. This transaction was followed by the team’s involvement in the recent $10.2 million sale of a 13-unit property on West Broadway. The team also closed two further multifamily properties, including a three-unit asset acquired as part of a larger portfolio, demonstrating steady absorption among qualified buyers in the area.

According to Ryan Quinn of Grove Property Group, "The transaction outlook is clearly improving, showing strong interest from buyers entering the market despite high rates and other political headwinds. Our office on West Broadway coupled with having sales, leasing and management in-house gives us unparalleled market knowledge which allows us to reassure buyers of the market’s stability, even with recent softening in city rents." This internal property management effort, run by Marc Waterfall and Ryan Burke (Boston Property Advisors), works hand-in-hand with the sales team to provide top service to all our existing and new clients.

John Federico added, "Clients trust us with their assets because we have been operating here successfully for over a decade. Now, investors looking to maximize value or search for off-market properties are calling us directly, whereas back in the day, it could have been a long list of brokers. We don't specialize in condos or residential, where others do, and they may not have the specialized investment knowledge we possess."

Grove Property Group has achieved consistent annual sales volume growth since its inception, demonstrating the firm's resilience and strong market position even while navigating local political challenges and broader economic headwinds. With additional sales scheduled to close before year-end, Grove Property Group is poised to close over $75 Million in total sales volume in 2025. Heading into 2026 GPG has a full pipeline of off-market multifamily and mixed-use properties that span across Massachusetts and Rhode island.