Updated Sep 5, 2024
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
Brisbane City 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