Jask Real Estate, LLC Sells Multifamily Property At 111 Washington St In Lynn, MA For $1.12M
SOLD
$1,120,000
Massachusetts
See Similar DealsMultiFamily4,853 SF
Sold 12/08/2021
SOLD
Jask Real Estate, LLC Sells Multifamily Property At 111 Washington St In Lynn, MA For $1.12M
111 Washington St, Lynn, Massachusetts, USA
See Similar DealsMultiFamily4,853 SF
Sold 12/08/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$230
Total Square Footage:4,853 SF
Transaction Type:Sale
The multifamily property located at 111 Washington St in Lynn, MA has been sold for a price of $1,120,000. The sale was facilitated by Stephen Girolamo from Horvath & Tremblay on behalf of the seller, Jask Real Estate, LLC. The property consists of 7 units with a price-per-unit of $160,000. It spans a total area of 4,853 square feet, resulting in a price-per-square-foot of $231.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,120,000
- Units: 7
- Price Per Unit: $160,000
- Square Footage: 4,853
- Price Per Square Foot: $231
- Seller: Jask Real Estate, LLC
- Broker: Stephen Girolamo - Horvath & Tremblay
Stephen Girolamo, representing Horvath & Tremblay, played a pivotal role in this transaction as the broker for the seller, Jask Real Estate, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$59,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,979.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,309.37
Annual Debt Service$63,712.46
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