Hakim Sandler - MIG Sells Multifamily Property On Chestnut St In Lynn, MA For $2.6M

The multifamily property located at 183-185 Chestnut St in Lynn, MA has been sold for a total of $2,600,000. The transaction was handled by broker Hakim Sandler from MIG. The property consists of 12 units, with a price per unit (PPU) of $216,667. The total square footage of the property is 11,567, resulting in a price per square foot (PPSF) of $225.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $2,600,000
• Address: 183-185 Chestnut St
• Market: Lynn, MA
• Units: 12
• Price per Unit (PPU): $216,667
• Square Footage: 11,567
• Price per Square Foot (PPSF): $225

The sale was successfully facilitated by Hakim Sandler from MIG. This transaction marks a significant investment and adds to the diverse portfolio of properties in Lynn, MA. The acquisition of this multifamily asset presents an opportunity for the new owner to generate substantial income from the 12 units available. The market value of the property, coupled with its desirable location, highlights its potential for long-term growth and profitability.