Boston Commercial Realty Acquires Lynn Multifamily Property For $3.6M
25 Hamilton Avenue, Lynn, Massachusetts, USA
$3,601,000
$322/SF
Building Size
11,169 SF
Asset Type
MultiFamily
Closing
Nov 2, 2021
AI
The multifamily property located at 25 Hamilton Avenue in Lynn, MA, was recently sold. The transaction took place on 11/02/2021 and was facilitated by Stephen Girolamo from Horvath & Tremblay, who represented the seller, Jask Real Estate LLC. Laurence Tamkin from Boston Commercial Realty acted as the buyer's representative in the deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,601,000
- Address: 25 Hamilton Avenue, Lynn, MA
- Market: Lynn, MA
- Seller: Jask Real Estate LLC
- Seller's Representative: Stephen Girolamo - Horvath & Tremblay
- Buyer's Representative: Laurence Tamkin - Boston Commercial Realty
- Asking Price: $3,450,000
- Units: 18
- Price per Unit (PPU): $200,056
- Total Square Footage (SF): 11,169
- Price per Square Foot (PPSF): $309
The involvement of Laurence Tamkin from Boston Commercial Realty as the buyer's representative added expertise to the transaction. This successful sale highlights the strong demand for multifamily properties in Lynn, MA's real estate market.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93