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1 Kingsley Terrace

Updated Sep 5, 2024

SOLDMultiFamily

North Shore Realty Advisors Acquires Multifamily Property In Lynn, MA For $10.4M

1 Kingsley Terrace

$10,404,000

$326/SF

Building Size

31,908 SF

Asset Type

MultiFamily

Closing

Sep 14, 2022

About this deal

AI

The multifamily property located at 1 Kingsley Terrace in Lynn, MA has been sold for a total of $10,404,000. This transaction was facilitated by Dan Pouladian and Sara Pouladian of North Shore Realty Advisors. The property consists of 48 units, with a price per unit of $216,750. The total square footage of the property is 31,908, resulting in a price per square foot of $326.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $10,404,000
  • Address: 1 Kingsley Terrace, Lynn, MA
  • Market: Lynn, MA
  • Brokers: Dan Pouladian & Sara Pouladian - North Shore Realty Advisors
  • Units: 48
  • Price per Unit: $216,750
  • Square Footage: 31,908
  • Price per Square Foot: $326

Dan Pouladian and Sara Pouladian from North Shore Realty Advisors played a crucial role in representing the parties involved in this transaction. Their expertise and involvement ensured a successful deal for all parties. The sale of this multifamily property represents a significant milestone in the Lynn, MA real estate market.

Players

Dan Pouladian

Northshore Realty Advisors

Broker

$310.7M

vol

69 deals

Broker

Brisbane City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $326 per square foot on a published $10.4M for 31,908 square feet (2022).

Visit Sara Pouladian to view all their deals.

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

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