The Gribaudo in Boston

Name: Sales in The Gribaudo started!
Start: 2020-07-30T11:49:46.937985+00:00
End: 2023-12-31T23:59:59+0000
Location: The Gribaudo

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Project info

Object ID: 8336

Finished at	August 2019
Price, m²	From 8650$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 74.00 m²
Floors	5
Apartments	18
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Silver Line Way 4 min Silver/Line Way 4 min Northern Avenue/& Tide Street 4 min Design/Center 4 min World Trade/Center 6 min 23 Dry Dock/Avenue 8 min Courthouse 11 min Maverick 12 min 27 Dry Dock/Avenue 12 min 88 Black/Falcon Avenue 13 min Airport 16 min JFK/UMass 17 min Aquarium 17 min Savin Hill 19 min South Station 19 min South/Station 19 min Broadway–/City Hall 21 min Logan Airport/Terminal E 21 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

640,100$

Net profit

8,283$

Payback period

60.4 years

Avg property value increase per year

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About the project

545 East Third St. in South Boston is now ready for occupancy. Dubbed “The Gribaudo”, 545 East Third consists of 18 luxury condos and 26 parking spaces as well as a resident gym. 545 East Third features a mix of 1, 2 and 3 bedroom units ranging from 820 square feet to 1640 square feet. Prices will start at $669,000 and go up to $1,399,000. Select Penthouse units will feature private roof decks. Units will feature hardwood floors throughout, Grohe faucets, GE Cafe Designer Appliances, crown molding, Quartz Countertops and in-unit laundry hookup.

Ideally situated on South Boston’s East Side, 545 East Third has direct access to multiple bus lines, restaurants and bars on East/West Broadway and many other area amenities.