Markese Daise Acquires Lynn Multifamily For $1.05M
SOLD
$1,052,000
Massachusetts
See Similar DealsMultiFamily4,642 SF
Sold 02/02/2022
SOLD
Markese Daise Acquires Lynn Multifamily For $1.05M
11 Bellair Street, Lynn, Massachusetts 01902, United States
See Similar DealsMultiFamily4,642 SF
Sold 02/02/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$226
Total Square Footage:4,642 SF
Transaction Type:Sale
A multifamily property located at 11 Bellair St in Lynn, MA has been sold for $1,052,000. The property spans a total of 4,642 square feet, resulting in a price per square foot of $227.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,052,000
- Square Footage: 4,642
- Price Per Square Foot: $227
- Address: 11 Bellair St, Lynn, MA
- Market: Lynn, MA
The buyer's representative in this transaction is Markese Daise from Stony Brook & Lennox Realty Advisors, while the seller's representative is Colleen Toner from Toner Real Estate, LLC.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,106.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,737.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,987.02
Annual Debt Service$59,844.20
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