Updated Sep 9, 2024
Betsy Woods Acquires Multifamily Property In Lynn, MA For $1M
17 Smith Street, Lynn, Massachusetts, USA
$1,000,000
$262/SF
Building Size
3,812 SF
Asset Type
MultiFamily
Closing
Feb 10, 2021
About this deal
AI
A multifamily property located at 17-19 Smith in Lynn, MA has been sold for $1,000,000. The property spans 3,812 square feet, resulting in a price per square foot of $262. The transaction took place on February 11, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Square Feet: 3,812
- Price per Square Foot: $262
- Address: 17-19 Smith, Lynn, MA
- Market: Lynn, MA
The seller's representative for this deal was Andrew Haddad from Northeast Development & Investment, Inc. On the buyer's side, Betsy Woods from LUX Realty North Shore represented the purchasing party.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93