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Omar Guerrero Acquires Multifamily Asset In Lynn MA For $8.25M From Gordon Hall

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SOLD
$8,250,000

Massachusetts

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MultiFamily27,888 SF
Sold 06/03/2025
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Property Image
SOLD

Omar Guerrero Acquires Multifamily Asset In Lynn MA For $8.25M From Gordon Hall

26 Newhall Street, 36 Newhall Street & 30 Newhall Street

See Similar Deals
MultiFamily27,888 SF
Sold 06/03/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$295
Total Square Footage:27,888 SF
Transaction Type:Sale

This multifamily asset located at 26, 30, and 36 Newhall Street in Lynn, MA, encompasses a total of 27,888 square feet and consists of 43 units. The property was sold for a transaction amount of $8,250,000, resulting in a price per unit of $191,860 and a price per square foot of $296.

Summary of transaction details:

The transaction was facilitated by brokers Dennis Kelleher, Stephen Girolamo, and John Pentore, who represent the parties involved in this deal. Gordon Hall was the seller, while Omar Guerrero was the buyer, marking a completed real estate transaction in the multifamily sector.

Players

Dennis Kelleher
93 deals$541.1M volume
BROKER

John Pentore
Horvath & Tremblay
97 deals$560.2M volume
BROKER

Stephen Girolamo
Horvath & Tremblay
98 deals$324.9M volume(781) 776-4014
BROKER

Horvath & Tremblay
BROKERAGE

Details

SOLD
IMAGE: Dennis Kelleher, Stephen Girolamo & John Pentore DATE: 6/3/2025 ADDRESS: 26, 30, and 36 Newhall Street MARKET: Lynn, MA ASSET TYPE: Multifamily BUYER: Omar Guerrero SELLER: Gordon Hall BROKERS: Dennis Kelleher, Stephen Girolamo (@Steveo3215) & John Pentore (@Juconn) - Horvath & Tremblay SALE PRICE: $8,250,000 UNITS: 43 ~ PPU: $191,860 SF: 27,888 ~ PPSF: $296

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

$439,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,310.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,109.21
Annual Debt Service$469,310.51