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489 East Broadway

Leon Xia Buys Mixed-Use Property In South Boston For $3.85M With Brokers Ryan Quinn John Federico Joe Vecchione
SOLDMixed-use

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

John Federico

Grove Property Group

Broker

$178.3M

vol

53 deals

Broker
Grove Property Group
Grove Property GroupBrokerage
Jay Bisognano

Jay Bisognano

Seller

$94.7M

vol

7 deals

Seller

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