Zanzibar Capital Acquires Multi-Family & Mixed-Use Property In Lynn, MA For $10.1M

The multi-family and mixed-use property located at 653-659 Western Avenue & 24-30 Franklin Street in Lynn, MA was recently sold in a transaction. The property has a total square footage of 41,048 and a sale price of $10,100,000, resulting in a price per square foot of $246. The sale took place on January 31, 2022. The buyer of the property was Zanzibar Capital, while the seller was Jask Real Estate. The broker representing the deal was Stephen Girolamo from Horvath & Tremblay.

Summary of transaction details:

• Property Type: Multi-Family & Mixed-Use
• Transaction Amount: $10,100,000
• Address: 653-659 Western Avenue & 24-30 Franklin Street, Lynn, MA
• Market: Lynn, MA
• Buyer: Zanzibar Capital
• Seller: Jask Real Estate
• Broker: Stephen Girolamo - Horvath & Tremblay

This transaction involved key individuals and companies. Zanzibar Capital acted as the buyer, while Jask Real Estate was the seller. Stephen Girolamo from Horvath & Tremblay represented the deal as the broker. The sale of the property demonstrates continued activity in the Lynn, MA market.