Updated Dec 21, 2023
Horvath & Tremblay Brokers Sell Multifamily Asset In Lynn, MA For $2.68M
196 Washington Street, Lynn, Massachusetts 01902, United States
$2,680,000
$278/SF
Building Size
9,612 SF
Asset Type
MultiFamily
Closing
Sep 12, 2022
About this deal
AI
The multifamily property located at 196 Washington St in Lynn, MA has been sold for a price of $2,680,000. The transaction took place on September 13, 2022. The property consists of 12 units, with a price per unit of $233,333. The total square footage of the property is 9,612, resulting in a price per square foot of $279.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,680,000
- Units: 12
- Price per Unit: $233,333
- Square Footage: 9,612
- Price per Square Foot: $279
- Market: Lynn, MA
The sale of this multifamily property was facilitated by brokers Dennis Kelleher, John Pentore, and Stephen Girolamo from the agency Horvath & Tremblay. Their expertise and negotiation skills played a vital role in successfully closing the deal.
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
5.92%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93