Updated Dec 21, 2023
$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
About this deal
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.
The multifamily sale at 561-563 Boston Street, Lynn, Massachusetts, USA in Lynn, Massachusetts sold for $1.2M in 2021. The building is 5,624 square feet, implying about 213 per square foot on the published price. Named participants on the 561-563 Boston Street, Lynn, Massachusetts, USA sale are Michael Connor. This page is the Lynn, Massachusetts file for the 561-563 Boston Street, Lynn, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Lynn sit in the Market section below. Filter that Lynn multifamily set by closing date to see what else sold near 561-563 Boston Street, Lynn, Massachusetts, USA around 2021. Published consideration for 561-563 Boston Street, Lynn, Massachusetts, USA is $1.2M, dated 2021. Cite this $1.2M Multifamily Sale In Lynn, MA At 561-563 Boston Street - Michael Connor Represents sale when underwriting similar multifamily product around Lynn, Massachusetts.
Players
Lynn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Connor to view all their deals.
Browse Massachusetts multifamily sales on Traded.
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