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
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