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374 378 Washington Street

La Belle Maison LLC Sells Multifamily Property At 374-378 Washington Street For $3 Million
SOLDMultiFamily

La Belle Maison LLC Sells Multifamily Property At 374-378 Washington Street For $3 Million

374 378 Washington Street

$3,000,000

$283/SF

Building Size

10,585 SF

Asset Type

MultiFamily

Closing

Jan 8, 2026

AI

The property asset involved in the transaction is a multifamily building located at 374-378 Washington Street in Lynn, MA. The sale price was $3,000,000, comprised of 46 units, yielding a price per unit of $65,217. The total square footage of the property is 10,585, which translates to a price per square foot of $283.

Summary of transaction details:

This transaction involved the brokerage services of Dan Pouladian and Johnathan Wellington, who represented the seller, La Belle Maison LLC, in the sale. Their roles were pivotal in facilitating the successful conclusion of this multifamily property transaction.

Players

Dan Pouladian

Northshore Realty Advisors

Broker

$304.3M

vol

68 deals

Broker

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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93