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

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.