Updated Dec 21, 2023
Multifamily Property In Lynn, MA Sells For $4M With Broker Stephen Girolamo
22 Warren Street, Lynn, Massachusetts 01902, United States
$4,000,000
$207/SF
Building Size
19,322 SF
Asset Type
MultiFamily
Closing
Apr 7, 2022
About this deal
AI
Located at 22 Warren St in Lynn, MA, this multifamily property was recently sold in a closed transaction. The sale was facilitated by Stephen Girolamo of Horvath & Tremblay. The property consists of 21 units with a total square footage of 19,322. The sale price for this property was $4,000,000, resulting in a price per unit of $190,476 and a price per square foot of $207.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,000,000
- Units: 21
- Price Per Unit: $190,476
- Square Footage: 19,322
- Price Per Square Foot: $207
- Market: Lynn, MA
Stephen Girolamo of Horvath & Tremblay played a key role as the broker in this transaction. Their expertise and guidance helped facilitate the successful sale of this multifamily property in Lynn, MA.
Lynn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Stephen Girolamo to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93