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
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