Sylvia Contin Acquires Multifamily Property At 200 Lewis Street Lynn MA For $2.3M
200 Lewis Street
$2,300,000
$160/SF
Building Size
14,338 SF
Asset Type
MultiFamily
Closing
May 4, 2025
AI
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:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Units: 12
- Square Footage: 14,338
- Price Per Unit: $191,666
- Price Per Square Foot: $160
- Buyer: Sylvia Contin
- Seller: Darlene Gallien
- Brokers: Dan Pouladian & Michael McCarthy - North Shore Realty Advisors
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
Lynn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93