Herrick Lutts Realty Partners Sells Development Site In Lynn, MA For $820,000 | 56-58 Ocean Street | Jason Grzybek, Paul Herrick | Development Site | Sale

Summary

Sale

MASSACHUSETTS

Development Site

A development site located at 56-58 Ocean St in Lynn, MA has been sold for a total price of $820,000. The property consists of a 12 unit apartment building, with each unit priced at an average of $68,333.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $820,000
Address: 56-58 Ocean St, Lynn, MA
Market: Lynn, MA
Seller: 58 Ocean, LLC
Brokers: Jason Grzybek & Paul Herrick - Herrick Lutts Realty Partners

This transaction was facilitated by Jason Grzybek and Paul Herrick, representing Herrick Lutts Realty Partners. They successfully closed the deal for the seller, 58 Ocean LLC. It is important to note that the property has received permits for the construction of a 12 unit apartment building.

Players

All
3

Agents
2
Agencies
1

$20.6M Sold

$9.9M Sold

Herrick Lutts Realty Partners

Details

Deal Summary

SOLD

IMAGE: Paul Herrick & Jason Grzybek DATE: 05/06/2022 ADDRESS: 56-58 Ocean St MARKET: Lynn, MA ASSET TYPE: Development Site SELLER: 58 Ocean, LLC BROKERS: Jason Grzybek (@Jason_Grzybek) & Paul Herrick - Herrick Lutts Realty Partners (@HerrickLuttsRealty) SALE PRICE: $820,000 UNITS: 12 ~ PPU: $68,333 NOTE FROM @HerrickLuttsRealty: Permitted 12 unit apartment building

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Address56-58 Ocean Street

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