Updated Dec 21, 2023
Dan Pouladian & Sara Pouladian Acquire Multifamily Property In Lynn, MA For $13.5M
12 Newhall Street, Lynn, Massachusetts 01902, United States
$13,500,000
Units
55
Asset Type
MultiFamily
Closing
Aug 12, 2022
About this deal
AI
A multifamily property located at 12-16 Newhall St in Lynn, MA has been sold for a total of $13,500,000. The transaction took place on 08/12/2022, and the property consists of 55 units, with a price per unit of $245,455. The sale was facilitated by Dan Pouladian and Sara Pouladian of North Shore Realty Advisors, Inc.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,500,000
- Units: 55
- Price per Unit: $245,455
- BROKERS: Dan Pouladian & Sara Pouladian - North Shore Realty Advisors, Inc
The sale of 12-16 Newhall St in Lynn, MA was facilitated by Dan Pouladian and Sara Pouladian of North Shore Realty Advisors, Inc. The property, consisting of 55 units, presents a lucrative investment opportunity in the multifamily market. With a sale price of $13,500,000 and a price per unit of $245,455, this transaction showcases the expertise and network of Dan Pouladian and Sara Pouladian in the real estate industry.
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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93