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32 Morris Street

Updated Sep 10, 2026

Andrew Perkins Sells Multifamily Property In Lynn Massachusetts For $2,935,000 With Brokers Dan And Sara Pouladian And Gene Clements
SOLDMultiFamily

Andrew Perkins Sells Multifamily Property In Lynn Massachusetts For $2,935,000 With Brokers Dan And Sara Pouladian And Gene Clements

32 Morris Street, 8 Varnum Street & 28-30 Hollingsworth Street

$2,935,000

$309/SF

Building Size

3,456 SF

Asset Type

MultiFamily

Closing

Sep 1, 2026

About this deal

AI

The transaction involved multifamily properties located at 32 Morris Street, 8 Varnum Street, and 28-30 Hollingsworth Street in Lynn, MA. The properties consist of 9 units and encompass a total square footage of 9,480. The sale price registered for this transaction was $2,935,000, resulting in a price per unit of $326,111 and a price per square foot of $310.

Summary of transaction details:

Dan Pouladian, Sara Pouladian, and Gene Clements played key roles as broker representatives in the transaction, facilitating the deal on behalf of the seller, Andrew Perkins. Their expertise in the market contributed to the sale's execution.

Players

Dan Pouladian

Northshore Realty Advisors

Broker

$315.6M

vol

71 deals

Broker

Lynn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $309 per square foot on a published $2.9M for 9,480 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.40%

Cash-on-Cash

-1.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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