Updated Oct 28, 2024
Jask Real Estate, LLC Sells Multifamily Property At 111 Washington St In Lynn, MA For $1.12M
111 Washington St, Lynn, Massachusetts, USA
$1,120,000
$230/SF
Building Size
4,853 SF
Asset Type
MultiFamily
Closing
Dec 8, 2021
About this deal
AI
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.
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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93