Updated Oct 28, 2024
LOZA Properties, LLC Sells Multifamily Property In Lynn, MA For $1.375M
11 Pattys Way, Lynn, MA, USA
$1,375,000
$217/SF
Building Size
6,330 SF
Asset Type
MultiFamily
Closing
Nov 18, 2021
About this deal
AI
Located at 11 Patty’s Way in Lynn, MA, this property is a multifamily asset with a total of 6 units. The property spans across 6,330 square feet, offering an average of 1,055 square feet per unit. The sale of this property was facilitated by Stephen Girolamo from Horvath & Tremblay on behalf of the seller, LOZA Properties, LLC. The transaction took place on November 18, 2021, with both the asking price and the sale price set at $1,375,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Units: 6
- Price Per Unit: $229,167
- Square Footage: 6,330
- Price Per Square Foot: $21
- Seller: LOZA Properties, LLC
- Broker: Stephen Girolamo - Horvath & Tremblay
This transaction showcases the successful collaboration between LOZA Properties, LLC as the seller and their representative, Stephen Girolamo from Horvath & Tremblay. With a total of 6 units, this multifamily property offers potential investors a valuable opportunity in the Lynn, MA market.
Players
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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93