News:
Owners Developers & Managers
Posted: April 25, 2025
Quinn and Federico of Grove Property
Group facilitate $7.5 million multifamily sale
Framingham, MA Grove Property Group completed the sale of 301 Grant St., a fully renovated 30-unit multifamily building, for $7.5 million, equating to $250,000 per unit. The property was sold by partners Ryan Quinn and John Federico of Grove Property Group.
Consisting entirely of one-bedroom units, the property has been fully upgraded with modern kitchens, stainless steel appliances, updated bathrooms, and new mechanical systems.
The building also offers off-street parking and is located minutes from downtown and the commuter rail, making it a strong performer in a high-demand rental market.
The transaction was sourced, negotiated, and closed by Federico and Quinn, who specialize in value-add and stabilized multifamily sales throughout Greater Boston and MetroWest.
“This is a textbook example of a stabilized, cash-flowing deal in a core suburban market,” said Quinn, co-founder of Grove Property Group. “Turnkey assets like this continue to draw strong demand from both local and institutional buyers. We’re seeing activity pick up across the board, and nearly every transaction we’re involved in right now is part of a 1031 exchange.”
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