Updated Dec 19, 2023
Dan Pouladian & Sara Pouladian Acquire 50-Unit Multifamily In Lynn, MA For $15.5M
262 Ocean St, Lynn, Massachusetts 01902, United States
$15,500,000
$213/SF
Building Size
72,517 SF
Asset Type
MultiFamily
Closing
Sep 21, 2022
About this deal
AI
A multifamily property located at 262-268 Ocean St in Lynn, MA has been sold for a price of $15,500,000. The property consists of 50 units, with a price per unit of $310,000. The total square footage of the property is 72,517, with a price per square foot of $214.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,500,000
- Address: 262-268 Ocean St, Lynn, MA
- Number of Units: 50
- Price per Unit: $310,000
- Total Square Footage: 72,517
- Price per Square Foot: $214
The sale of this multifamily property was facilitated by brokers Dan Pouladian and Sara Pouladian.
Players
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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93