Paul Cirignano & The Synergy Group Acquires Multifamily Property In Lynn, MA For $24M
164 Blossom Street, Lynn, Massachusetts 01902, United States
$24,000,000
$333/SF
Building Size
72,000 SF
Asset Type
MultiFamily
Closing
Mar 6, 2022
AI
The multifamily property located at 164 Blossom St in Lynn, MA has been sold for $24,000,000. It spans across 72,000 square feet, resulting in a price per square foot of $333. The transaction took place on 03/07/2022. The seller of the property was represented by Paul Cirignano and The Synergy Group from Leading Edge Real Estate.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $24,000,000
- Address: 164 Blossom St, Lynn, MA
- Market: Lynn, MA
- Square Footage: 72,000
- Price Per Square Foot: $333
- Seller's Representative: Paul Cirignano & The Synergy Group - Leading Edge Real Estate
Paul Cirignano and The Synergy Group from Leading Edge Real Estate played a crucial role in representing the seller in this transaction.
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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93