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18 Hamilton Avenue

Updated Dec 4, 2024

Manuel Robles Cifuentes Acquires 6-Unit MultiFamily In Lynn, MA For $1.2M
SOLDMultiFamily

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

Dennis Kelleher

Horvath & Tremblay

Broker

$570.4M

vol

98 deals

Broker

Lynn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $260 per square foot on a published $1.2M for 4,616 square feet (2023).

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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

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