facebook
Traded Co logo
Submit

Franz Eberth Acquires Multifamily Property From Gordan Hall In Lynn For $4.4M

Property Image
SOLD
$4,400,000

Massachusetts

See Similar Deals
MultiFamily16,052 SF
Sold 09/23/2025
the dealplayerscompscontact
Property Image
SOLD

Franz Eberth Acquires Multifamily Property From Gordan Hall In Lynn For $4.4M

39 Newhall Street

See Similar Deals
MultiFamily16,052 SF
Sold 09/23/2025
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$274
Total Square Footage:16,052 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily asset located at 39 Newhall Street & 8 Suffolk Street, Lynn, MA. The transaction was executed at a sale price of $4,400,000, encompassing a total of 23 units and a square footage of 16,052, resulting in a price per unit of $191,304 and a price per square foot of $274.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,400,000
  • Units: 23
  • Square Footage: 16,052
  • Price per Unit: $191,304
  • Price per Square Foot: $274
  • Buyer: Franz Eberth
  • Seller: Gordan Hall
  • Brokers: Stephen Girolamo, Dennis Kelleher & John Pentore - Horvath & Tremblay
  • Date of Sale: 9/23/2025

The key individuals involved in the transaction are Franz Eberth, who acted as the buyer, and Gordan Hall, who served as the seller. The brokerage team representing the transaction consists of Stephen Girolamo, Dennis Kelleher, and John Pentore from Horvath & Tremblay, facilitating the successful closure of this multifamily property deal.

Players

Dennis Kelleher
93 deals$541.1M volume
BROKER

John Pentore
Horvath & Tremblay
97 deals$560.2M volume
BROKER

Stephen Girolamo
Horvath & Tremblay
98 deals$324.9M volume(781) 776-4014
BROKER

Horvath & Tremblay
BROKERAGE

Details

SOLD
IMAGE: Stephen Girolamo, Dennis Kelleher & John Pentore DATE: 9/23/2025 ADDRESS: 39 Newhall Street & 8 Suffolk Street MARKET: Lynn, MA ASSET TYPE: Multifamily BUYER: Franz Eberth SELLER: Gordan Hall BROKERS: Stephen Girolamo (@Steveo3215), Dennis Kelleher & John Pentore (@Juconn) - Horvath & Tremblay SALE PRICE: $4,400,000 UNITS: 23 ~ PPU: $191,304 SF: 16,052 ~ PPSF: $274

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$234,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94