Updated Dec 21, 2023
North Shore Realty Advisors, Inc Sells Multifamily Property In Lynn, MA For $10.4M
1-4 Kingsley Terrace, Lynn, Massachusetts 01902, United States
$10,404,000
Units
48
Asset Type
MultiFamily
Closing
Sep 29, 2022
About this deal
AI
The multifamily property located at 1-4 Kingsley Terrace in Lynn, MA has been sold for a total of $10,404,000. This property consists of 48 units, resulting in a price per unit (PPU) of $216,750. The sale took place on September 30, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,404,000
- Units: 48
- Price per Unit (PPU): $216,750
Representing the buyer, Larry Tamkin facilitated the transaction. On the seller's side, Dan Pouladian of North Shore Realty Advisors, Inc served as the seller's representative.
Lynn 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
1.52%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93