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
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