Updated Oct 28, 2024
Loza Properties LLC Sells Multifamily Property In Lynn, MA For $1.675M
136-140 Franklin Street, Lynn, Massachusetts 01902, United States
$1,675,000
$236/SF
Building Size
7,072 SF
Asset Type
MultiFamily
Closing
Feb 15, 2022
About this deal
AI
The multifamily property located at 136-140 Franklin Street in Lynn, MA has been sold for a price of $1,675,000. The property features 8 units, with an average price per unit of $209,375. The total square footage of the property is 7,072, resulting in a price per square foot of $237.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,675,000
- Units: 8
- Price per Unit: $209,375
- Square Footage: 7,072
- Price per Square Foot: $237
- Address: 136-140 Franklin Street, Lynn, MA
- Seller: LOZA Properties LLC
- Broker: Stephen Girolamo - Horvath & Tremblay
The sale of this multifamily property was facilitated by Stephen Girolamo from Horvath & Tremblay, representing the seller, LOZA Properties 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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93