Updated Sep 9, 2024
Cameron Prestige, LLC Acquires Multifamily Property In Lynn, MA For $1.3M
56-60 Cottage Street, Lynn, Massachusetts 01905, United States
$1,325,000
$204/SF
Building Size
6,495 SF
Asset Type
MultiFamily
Closing
Apr 28, 2022
About this deal
AI
A multifamily property located at 56-60 Cottage St in Lynn, MA was recently sold for a price of $1,325,000. The property spans a total of 6,495 square feet with a price per square foot (PPSF) of $204. This transaction took place on April 29, 2022 and the sale was facilitated by Colleen Toner from Toner Real Estate, LLC, representing the seller, and Khurram Zaheer from Cameron Prestige, LLC, representing the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,325,000
- Address: 56-60 Cottage St, Lynn, MA
- Market: Lynn, MA
- Square Footage: 6,495
- Price per Square Foot (PPSF): $204
The buyer's representative, Khurram Zaheer, from Cameron Prestige, LLC, played a key role in facilitating this transaction. Similarly, Colleen Toner, from Toner Real Estate, LLC, provided representation for the seller. Their expertise and guidance contributed to the successful completion of this sale.
On the Map
$1,325,000
$204/SF
MultiFamily
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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
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93