Updated Dec 4, 2024
Manuel Robles Cifuentes Acquires 6-Unit MultiFamily In Lynn, MA For $1.2M
18 Hamilton Avenue
$1,200,000
$260/SF
Building Size
4,616 SF
Asset Type
MultiFamily
Closing
Oct 31, 2023
About this deal
AI
Located at 18 Hamilton Avenue in Lynn, MA, this multi-family property was recently sold in a transaction on October 31, 2023. The property consists of 6 units, with a total square footage of 4,616. The sale price for this asset was $1,200,000, resulting in a price per unit of $200,000 and a price per square foot of $260.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,200,000
- Address: 18 Hamilton Avenue, Lynn, MA
- Units: 6
- Price per Unit: $200,000
- Square Footage: 4,616
- Price per Square Foot: $260
Dennis Kelleher, John Pentore, and Steve Girolamo of Horvath & Tremblay served as the brokers in this transaction. Manuel Robles Cifuentes acted as the buyer, while Franz Eberth was the seller. This deal showcases the expertise of the brokers in facilitating this successful 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93