Updated Dec 19, 2023
Richard M. Powers Acquires Lynn Multifamily For $2M
413 Boston Street, Lynn, Massachusetts 01905, United States
$2,000,000
$207/SF
Building Size
9,630 SF
Asset Type
MultiFamily
Closing
Dec 30, 2021
About this deal
AI
A multifamily property located at 413 & 8 Boston St in Lynn, MA has been sold for a price of $2,000,000. The property spans a total of 9,630 square feet, resulting in a price per square foot of $208. The sale took place on December 30, 2021. The transaction was facilitated by broker Richard M. Powers from Toner Real Estate, Llc.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 413 & 8 Boston St, Lynn, MA
- Market: Lynn, MA
- Square Footage: 9,630
- Price per Square Foot: $208
Richard M. Powers from Toner Real Estate, Llc played a key role as the broker in this 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93