Updated Dec 4, 2024
Josh Bloomberg Acquires Lynn, MA Multifamily For $1.28M With Broker Steve Girolamo
4-8 Sheridan Street lynn & 122-124 Chestnut Street
$1,280,000
$84/SF
Building Size
7,581 SF
Asset Type
MultiFamily
Closing
Oct 4, 2023
About this deal
AI
The multifamily property located at 4-8 Sheridan Street & 122-124 Chestnut Street in Lynn, MA has been sold for a total of $1,280,000. The property consists of 7 units, with an average price per unit of $182,857. The total square footage of the property is 7,581, resulting in a price per square foot of $169.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,280,000
- Units: 7
- Price per Unit: $182,857
- Square Footage: 7,581
- Price per Square Foot: $169
Josh Bloomberg has acquired the property, acting as the buyer in this transaction. The broker representing both the buyer and the seller is Steve Girolamo from Horvath & Tremblay. The deal was facilitated by Steve Girolamo, ensuring a smooth transaction process.
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
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93