SOLDMultiFamily
Sherre Weza Of Com-Pro Real Estate Brokers $1.2M Multifamily Sale In Lynn, MA
14 Ridgeway Street
$1,200,000
$369/SF
Building Size
3,251 SF
Asset Type
MultiFamily
Closing
Mar 8, 2024
AI
A multifamily property located at 14 Ridgeway Street in Lynn, MA, was sold for $1.2 million. The property spans 3,251 square feet, resulting in a price per square foot of $369.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 14 Ridgeway Street
- Market: Lynn, MA
Sherre Weza from Com-Pro Real Estate Services facilitated the transaction as the broker representing the parties involved in the sale.
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93