Updated Dec 21, 2023
Coldwell Banker First Quality Realty Acquires Multifamily Property In Lynn, MA For $1.125M
50 Astor Street, Lynn, Massachusetts 01905, United States
$1,125,000
$190/SF
Building Size
5,901 SF
Asset Type
MultiFamily
Closing
Feb 27, 2022
About this deal
AI
The multifamily property located at 50 Astor St in Lynn, MA has been sold for a price of $1,125,000. The property spans an area of 5,901 square feet, resulting in a price per square foot of $191. The transaction took place on February 28, 2022.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,125,000
- Square Footage: 5,901
- Price Per Square Foot: $191
- Address: 50 Astor St, Lynn, MA
- Market: Lynn, MA
Evelyn Dongo from Coldwell Banker First Quality Realty represented the buyer in this transaction, while Van T. Son from Mass Broker Services represented the seller.
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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93