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200 Lewis Street

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

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:

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

Northshore Realty Advisors

Broker

$304.3M

vol

68 deals

Broker

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

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93