Updated Dec 19, 2023
Horvath & Tremblay Represents Sale Of Mixed-Use Property In Lynn, MA For $1.185M
2-8 Atlantic Street
$1,185,000
$173/SF
Building Size
6,815 SF
Asset Type
Mixed-use
Closing
Aug 14, 2022
About this deal
AI
Located at 2-8 Atlantic St in Lynn, MA, this mixed-use property was recently sold for a price of $1,185,000. The transaction took place on August 15, 2022. The property spans across 6,815 square feet, resulting in a price per square foot of $174. The sale was facilitated by Stephen Girolamo from Horvath & Tremblay.
Summary of transaction details:
- Property Type: Mixed Use
- Transaction Amount: $1,185,000
Stephen Girolamo from Horvath & Tremblay played a key role as the broker in this transaction. Their expertise and guidance helped facilitate the successful sale of this property in Lynn, MA.
Lynn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.39%
Cash-on-Cash
-3.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93