John Reardon Purchases Multifamily Property At 33 Laighton Street Lynn MA From Raymond Lee For $4.2M
33 Laighton Street
$4,200,000
$181/SF
Building Size
23,163 SF
Asset Type
MultiFamily
Closing
Aug 3, 2025
AI
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
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93