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:
- 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: La Belle Maison LLC
- Brokers: Dan Pouladian & Johnathan Wellington - Northshore Realty Advisors
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
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