Updated Dec 21, 2023
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
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