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
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:
- Property Type: Multifamily
- Transaction Amount: $2,935,000
- Units: 9
- Square Footage: 9,480
- Price Per Unit: $326,111
- Price Per Square Foot: $310
- Seller: Andrew Perkins
- Broker Representatives: Dan Pouladian and Sara Pouladian - Northshore Realty Advisors; Gene Clements - Clements Realty Group
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
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
5.40%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93