Updated Dec 4, 2024
Jacob VanMeter Of Re/Max Represents Buyer In $1M Lynn Multifamily Sale
188 Washington Street
$1,000,000
$222/SF
Building Size
4,500 SF
Asset Type
MultiFamily
Closing
Feb 20, 2024
About this deal
AI
In Lynn, Massachusetts, a multifamily property located at 188 Washington Street has been sold for $1,000,000. The property spans 4,500 square feet with a price per square foot of $222. The buyer, represented by Jacob VanMeter of Re/Max, acquired the property from the seller's representative, Raymond R. Clements ofInvestment Property Advisors.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 188 Washington Street
- Market: Lynn, MA
- Buyer's Rep: Jacob VanMeter - Re/Max
- Seller's Rep: Raymond R. Clements - Investment Property Advisors
Jacob VanMeter of Re/Max facilitated the purchase as the buyer's representative, while Raymond R. Clements of Investment Property Advisors acted as the seller's representative in the transaction.
On the Map
$1,000,000
$222/SF
MultiFamily
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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