Nicholas Daher And Fergal Woods Acquire Lynn MultiFamily From Gordan Hall For $8.37M
12-16 Border Street, Lynn, Ma, 01905
$8,367,000
$323/SF
Building Size
25,890 SF
Asset Type
MultiFamily
Closing
Jul 29, 2026
AI
The property asset involved in this transaction is a MultiFamily located at 12-16 Border Street, Lynn, MA. The sale price for the property was $8,367,000, which encompasses 36 units within a total square footage of 25,890. The price per unit is calculated at $232,416, while the price per square foot stands at $323.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,367,000
- Units: 36
- Square Footage: 25,890
- Price Per Unit: $232,416
- Price Per Square Foot: $323
- Buyer: Nicholas Daher & Fergal Woods
- Seller: Gordan Hall
- Brokers: Stephen Girolamo, Dennis Kelleher & John Pentore - Horvath & Tremblay
This transaction features the collaborative efforts of brokers Stephen Girolamo, Dennis Kelleher, and John Pentore from Horvath & Tremblay, who facilitated the deal between the buyer, Nicholas Daher and Fergal Woods, and the seller, Gordan Hall.
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
1.90%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93