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43 Kirtland Street

Updated Dec 4, 2024

Suman Mahara & Evelyn Tapanes Facilitate $1M Multifamily Sale In Lynn, MA
SOLDMultiFamily

Suman Mahara & Evelyn Tapanes Facilitate $1M Multifamily Sale In Lynn, MA

43 Kirtland Street & 45 Kirtland Street

$1,000,000

$119/SF

Building Size

4,193 SF

Asset Type

MultiFamily

Closing

May 3, 2024

About this deal

AI

A multifamily property located at 43-45 Kirtland Street in Lynn, MA, was recently sold for $1,000,000. The property consists of four units spanning 4,193 square feet, with a price per unit of $250,000 and a price per square foot of $238.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Units: 4
  • Price per Unit: $250,000
  • Square Footage: 4,193
  • Price per Square Foot: $238
  • Address: 43-45 Kirtland Street
  • Market: Lynn, MA

Suman Mahara from oNest Real Estate represented the buyer in this transaction, while Evelyn Tapanes from Century 21 North East represented the seller. The property features two homes on the lot, with the front property housing three rental units and a rear single-family home.

Players

Suman Mahara

oNest Real Estate Roster

Broker

$2M

vol

2 deals

Broker

Lynn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $119 per square foot on a published $1M for 8,386 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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