Updated Dec 4, 2024
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
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93