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

Property Image
SOLD
$3,850,000
John Federico
Ryan Quinn
Jay Bisognano
+ 1

Massachusetts

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Mixed-use5,990 SF
Sold
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Property Image
SOLD

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

489 East Broadway

See Similar Deals
Mixed-use5,990 SF
Sold
John Federico
Ryan Quinn
Jay Bisognano
+ 1
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$642
Total Square Footage:5990 SF
Transaction Type:Sale

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
John Federico
52 deals$174M volume(617) 812-9035
BROKER
Ryan Quinn
Grove Property Group
Ryan Quinn
40 deals$135.8M volume(617) 285-9363
BROKER
Joe Vecchione
Grove Property Group
Joe Vecchione
3 deals$9.8M volume(978) 319-8304
BROKER
Grove Property Group
Grove Property Group
BROKERAGE
Jay Bisognano
Jay Bisognano
7 deals$94.7M volume
SELLER

Details

SOLD
IMAGE: Ryan Quinn, John Federico & Joe Vecchione DATE: 12/5/2025 ADDRESS: 489 East Broadway MARKET: South Boston, MA ASSET TYPE: Mixed-use BUYER: Leon Xia SELLER: Jay Bisognano BROKERS: Ryan Quinn (@_RyanQuinn), John Federico (@GPGBoston) & Joe Vecchione - Grove Property Group SALE PRICE: $3,850,000 SF: 5,990 ~ PPSF: $642

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$205,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,250.96
Annual Debt Service$219,011.57