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62 Cabot Street

Joseph Roberto Acquires Multifamily Property In Beverly Massachusetts For $7.3 Million
SOLDMultiFamily

Joseph Roberto Acquires Multifamily Property In Beverly Massachusetts For $7.3 Million

62 Cabot Street, 64 Cabot Street & 66 Cabot Street

$7,300,000

$461/SF

Building Size

15,808 SF

Asset Type

MultiFamily

Closing

Dec 22, 2025

AI

The transaction involved a multifamily asset located at 62 Cabot Street, 64 Cabot Street, and 66 Cabot Street in Beverly, MA. The sale price for the combined properties was $7,300,000. The asset consists of 30 units, resulting in a price per unit of $243,333. The total square footage of the properties is 15,808, leading to a price per square foot of $461.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,300,000
  • Buyer: Joseph Roberto
  • Seller: Noah Hano
  • Broker: Stephen Girolamo - Horvath & Tremblay
  • Units: 30
  • Price Per Unit: $243,333
  • Square Footage: 15,808
  • Price Per Square Foot: $461

This transaction showcases the involvement of Joseph Roberto as the buyer and Noah Hano as the seller. The brokerage representation was provided by Stephen Girolamo of Horvath & Tremblay, facilitating the deal between the parties.

Players

Stephen Girolamo

Horvath & Tremblay

Broker

$326.1M

vol

99 deals

Broker
Horvath & Tremblay
Horvath & TremblayBrokerage

Beverly MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93