$1.2M Multifamily Sale In Lynn, MA At 561-563 Boston Street - Michael Connor Represents
SOLD
$1,200,000
Massachusetts
See Similar DealsMultiFamily5,624 SF
Sold 03/04/2021
SOLD
$1.2M Multifamily Sale In Lynn, MA At 561-563 Boston Street - Michael Connor Represents
561-563 Boston Street, Lynn, Massachusetts, USA
See Similar DealsMultiFamily5,624 SF
Sold 03/04/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$213
Total Square Footage:5,624 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
Is there something missing? Send suggestions