Markese Daise Acquires Lynn Multifamily For $1.05M
11 Bellair Street, Lynn, Massachusetts 01902, United States
$1,052,000
$226/SF
Building Size
4,642 SF
Asset Type
MultiFamily
Closing
Feb 1, 2022
AI
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
Lynn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.08%
Cash-on-Cash
-4.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93