Leon Xia Buys Mixed-Use Property In South Boston For $3.85M With Brokers Ryan Quinn John Federico Joe Vecchione
489 East Broadway
$3,850,000
$642/SF
Building Size
5,990 SF
Asset Type
Mixed-use
Closing
Dec 4, 2025
AI
A mixed-use property located at 489 East Broadway in South Boston, MA, has been sold for $3,850,000. This asset encompasses a total of 5,990 square feet, translating to a price per square foot of $642.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $3,850,000
- Address: 489 East Broadway
- Market: South Boston, MA
- Square Footage: 5,990
- Price per Square Foot: $642
- Buyer: Leon Xia
- Seller: Jay Bisognano
- Brokers: Ryan Quinn, John Federico & Joe Vecchione - Grove Property Group
The transaction involved Leon Xia as the buyer and Jay Bisognano as the seller. The brokerage firm involved in the deal was Grove Property Group, represented by brokers Ryan Quinn, John Federico, and Joe Vecchione.
Players
South Boston Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93