Roy Serpa Acquires Development Site At 371 Cabot Street Beverly MA For $800000 With Broker Brian DApice
371 Cabot Street
$800,000
Building Size
—
Asset Type
Development Site
Closing
Mar 17, 2025
AI
The asset involved in this transaction is a development site located at 371 Cabot Street in Beverly, MA, with a sale price of $800,000. The total building square footage is approximately 3,709, resulting in a price per building square foot of $215.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $800,000
- Buyer: Roy Serpa
- Seller: Jesse Jalbert
- Broker: Brian DApice - The Mega Group
Brian DApice, representing The Mega Group, facilitated this transaction, connecting Roy Serpa as the buyer and Jesse Jalbert as the seller in this development site sale.
Players
Beverly Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
19.83%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93