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16 Newhall Street, Lynn, Ma...

Updated Dec 21, 2023

North Shore Realty Advisors Brokers Sale Of Lynn, MA Multifamily Property For $13.5M
SOLDMultiFamily

North Shore Realty Advisors Brokers Sale Of Lynn, MA Multifamily Property For $13.5M

16 Newhall Street, Lynn, Massachusetts 01902, United States

$13,500,000

$271/SF

Building Size

49,652 SF

Asset Type

MultiFamily

Closing

Jun 16, 2022

About this deal

AI

Located in Lynn, MA, the multifamily property at 16 Newhall St has recently been sold in a closed transaction. The sale was facilitated by Dan Pouladian and Sara Pouladian from North Shore Realty Advisors. The property consists of 55 units and spans across 49,652 square feet, offering a spacious living experience for its residents.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $13,500,000
  • Address: 16 Newhall St, Lynn, MA
  • Market: Lynn, MA

Dan Pouladian and Sara Pouladian, representing North Shore Realty Advisors, played a crucial role in facilitating the sale of this multifamily property. Their expertise in the real estate market and dedication to their clients ensured a successful transaction. Through their efforts, the property was sold for a price of $13,500,000, translating to approximately $245,455 per unit. The property's size, totaling 49,652 square feet, equates to a price per square foot of $272.

Players

Dan Pouladian

Northshore Realty Advisors

Broker

$310.7M

vol

69 deals

Broker

Lynn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $271 per square foot on a published $13.5M for 49,652 square feet (2022).

Visit Sara Pouladian to view all their deals.

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

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