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Sylvia Contin Acquires Multifamily Property At 200 Lewis Street Lynn MA For $2.3M

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SOLD
$2,300,000

Massachusetts

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MultiFamily14,338 SF
Sold 05/05/2025
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Property Image
SOLD

Sylvia Contin Acquires Multifamily Property At 200 Lewis Street Lynn MA For $2.3M

200 Lewis Street

See Similar Deals
MultiFamily14,338 SF
Sold 05/05/2025
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$160
Total Square Footage:14,338 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 200 Lewis Street, Lynn, MA. It is a multifamily asset consisting of 12 units, with a total square footage of 14,338. The sale price for the property was $2,300,000, which translates to a price per unit of $191,666 and a price per square foot of $160.

Summary of transaction details:

North Shore Realty Advisors acted as the exclusive agent in the sale of 200 Lewis Street, situated within the Diamond District of Lynn, MA. The brokers involved in the transaction are Dan Pouladian and Michael McCarthy, which facilitated the deal between the buyer, Sylvia Contin, and the seller, Darlene Gallien.

Players

Dan Pouladian
67 deals$302.3M volume(617) 548-7737
BROKER

Michael McCarthy
North Shore Realty Advisors
6 deals$40.7M volume(781) 885-8318
BROKER

Details

SOLD
IMAGE: Dan Pouladian & Michael McCarthy DATE: 5/5/2025 ADDRESS: 200 Lewis Street MARKET: Lynn, MA ASSET TYPE: Multifamily BUYER: Sylvia Contin SELLER: Darlene Gallien BROKERS: Dan Pouladian (@Pouladian) & Michael McCarthy - North Shore Realty Advisors SALE PRICE: $2,300,000 UNITS: 12 ~ PPU: $191,666 SF: 14,338 ~ PPSF: $160 NOTE FROM BROKER: North Shore Realty Advisors as exclusive agent sells 200 Lewis Street located within the Diamond District of Lynn MA.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$122,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08