Updated Feb 14, 2025
Jason Li Acquires 850 Broad Street Multifamily Property In Weymouth From Charles Cocce For $1.075M
850 Broad Street
$1,075,000
$359/SF
Building Size
2,991 SF
Asset Type
MultiFamily
Closing
Dec 30, 2024
About this deal
AI
This multifamily property is located at 850 Broad Street in Weymouth, MA. The asset was sold for $1,075,000 and encompasses a total of 2,991 square feet. It consists of 6 units, resulting in a price per unit of $179,166 and a price per square foot of $359.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,075,000
- Units: 6
- Square Footage: 2,991
- Price Per Unit: $179,166
- Price Per Square Foot: $359
- Buyer: Jason Li
- Seller: Charles Cocce
- Brokers: Jason Kulik & Stephen Girolamo - Horvath & Tremblay
The individuals involved in the transaction include buyer Jason Li and seller Charles Cocce. The brokers representing both parties are Jason Kulik and Stephen Girolamo from the agency Horvath & Tremblay.
Players
East Weymouth 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
14.76%
Cash-on-Cash
-4.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93