Herrick Lutts Realty Partners Sells Development Site In Lynn, MA For $820,000

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.