$1.2M Multifamily Sale In Lynn, MA At 561-563 Boston Street - Michael Connor Represents
561-563 Boston Street, Lynn, Massachusetts, USA
$1,200,000
$213/SF
Building Size
5,624 SF
Asset Type
MultiFamily
Closing
Mar 3, 2021
AI
A multifamily property located at 561-563 Boston Street in Lynn, MA was recently sold for a total price of $1,200,000. The property spans across 5,624 square feet, resulting in a price per square foot of $213. This transaction took place on March 4, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 561-563 Boston Street, Lynn, MA
- Market: Lynn, MA
The sale of this multifamily property was brokered by Michael Connor from Connor Real Estate.
Players
Lynn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93