Updated Dec 21, 2023
Stephen Girolamo Of Horvath & Tremblay Brokers $1.29M Sale Of 6-Unit Multifamily Property In Lynn, MA
53 Arlington Street, Lynn, MA, USA
$1,289,000
$225/SF
Building Size
5,712 SF
Asset Type
MultiFamily
Closing
Oct 22, 2021
About this deal
AI
A multifamily property located at 53 Arlington Street in Lynn, MA has been sold in a recent transaction. The property spans approximately 0.109 acres and consists of 6 units. It offers a total of 5,712 square feet of space. The sale was facilitated by Stephen Girolamo from Horvath & Tremblay.
Summary of transation details
- Property Type: Multifamily
- Sale Price: $1,289,000
- Units: 6
- Price Per Unit: $214,833
- Square Footage: 5,712
- Price Per Square Foot: $226
- Address: 53 Arlington Street, Lynn, MA
- Market: Lynn, MA
Stephen Girolamo from Horvath & Tremblay played a vital role as the broker in facilitating this transaction. With his expertise, the sale of this multifamily property was successfully completed.
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
12.31%
Cash-on-Cash
-3.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93