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374 378 Washington Street

Joe Lilly Sells Multifamily Asset In Lynn MA For $3 Million With Brokers Dan Pouladian & Johnathan Wellington
SOLDMultiFamily

Joe Lilly Sells Multifamily Asset In Lynn MA For $3 Million With Brokers Dan Pouladian & Johnathan Wellington

374 378 Washington Street

$3,000,000

$283/SF

Building Size

10,585 SF

Asset Type

MultiFamily

Closing

Jan 8, 2026

AI

The property involved in the transaction is a multifamily asset located at 374-378 Washington Street in Lynn, MA. The sale price of the property was $3,000,000. It consists of 46 units and has a total square footage of 10,585. The price per unit stands at $65,217, while the price per square foot is $283.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Units: 46
  • Price per Unit: $65,217
  • Square Footage: 10,585
  • Price per Square Foot: $283
  • Seller: Joe Lilly
  • Brokers: Dan Pouladian & Johnathan Wellington - Northshore Realty Advisors
  • Date of Transaction: 1/9/2026

The deal was facilitated by Dan Pouladian and Johnathan Wellington, who represented the seller, Joe Lilly, in this transaction. Their involvement highlights the collaboration between brokerage professionals to finalize the sale of this multifamily asset.

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