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John Reardon Purchases Multifamily Property At 33 Laighton Street Lynn MA From Raymond Lee For $4.2M

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SOLD
$4,200,000

Massachusetts

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MultiFamily23,163 SF
Sold 08/04/2025
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Property Image
SOLD

John Reardon Purchases Multifamily Property At 33 Laighton Street Lynn MA From Raymond Lee For $4.2M

33 Laighton Street

See Similar Deals
MultiFamily23,163 SF
Sold 08/04/2025
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$181
Total Square Footage:23,163 SF
Transaction Type:Sale

The multifamily property located at 33 Laighton Street in Lynn, MA was sold for $4,200,000. This asset consists of 18 units, totaling 23,163 square feet, which equates to a price per unit of $233,333 and a price per square foot of $181.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,200,000
  • Units: 18
  • Square Footage: 23,163
  • Price Per Unit: $233,333
  • Price Per Square Foot: $181
  • Buyer: John Reardon
  • Seller: Raymond Lee
  • Brokers: Dan Pouladian & Sara Pouladian - Northshore Realty Advisors

Northshore Realty Advisors acted as the exclusive agent for the Seller and successfully procured the Buyer through an off-market opportunity before the listing went live. The brokers extend their congratulations to all parties involved in this smooth transaction.

Players

Dan Pouladian
67 deals$302.3M volume(617) 548-7737
BROKER

Sara Pouladian
Northshore Realty Advisors
55 deals$252.5M volume
BROKER

Northshore Realty Advisors
BROKERAGE

Details

SOLD
IMAGE: Dan Pouladian & Sara Pouladian DATE: 8/4/2025 ADDRESS: 33 Laighton Street MARKET: Lynn, MA ASSET TYPE: Multifamily BUYER: John Reardon SELLER: Raymond Lee BROKERS: Dan Pouladian (@Pouladian) & Sara Pouladian - Northshore Realty Advisors (@NorthShoreRealtyAdvisorsINC) SALE PRICE: $4,200,000 UNITS: 18 ~ PPU: $233,333 SF: 23,163 ~ PPSF: $181 NOTE FROM BROKERS: Northshore Realty Advisors as exclusive agent to the Seller procured the Buyer as an off-market opportunity prior to going to market. We would like to congratulate all parties involved on this smooth transaction.

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

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
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