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850 Broad Street

Jason Li Acquires 850 Broad Street Multifamily Property In Weymouth From Charles Cocce For $1.075M
SOLDMultiFamily

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

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

Jason Kulik

Horvath & Tremblay

Broker

$33.3M

vol

12 deals

Broker

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