Updated Oct 9, 2026
David Galvez Acquires MultiFamily Property At 48-50 Laighton Street & 56 Orchard Street For $2,040,000 With Andrew Perkins As Seller
58 Laighton Street & 56 Orchard Street
$2,040,000
$196/SF
Building Size
5,181 SF
Asset Type
MultiFamily
Closing
Oct 7, 2026
About this deal
AI
The transaction involves a multi-family asset located at 48-50 Laighton Street and 56 Orchard Street in Lynn, MA. The sale price for the property was $2,040,000, and it consists of 6 units. The total square footage of the asset is 6,911, resulting in a price per unit of $340,000 and a price per square foot of $295.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,040,000
- Units: 6
- Price Per Unit: $340,000
- Square Footage: 6,911
- Price Per Square Foot: $295
- Buyer: David Galvez
- Seller: Andrew Perkins
- Brokers: Dan Pouladian and Sara Pouladian - Northshore Realty Advisors; Gene Clements - Clements Realty Group
The individuals involved in this transaction include David Galvez, who acquired the property, and Andrew Perkins, the seller. The brokerage services were provided by Dan Pouladian and Sara Pouladian from Northshore Realty Advisors, alongside Gene Clements from Clements Realty Group.
On the Map
$2,040,000
$196/SF
MultiFamily
View full map
Players
Lynn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Sara Pouladian to view all their deals.
Browse Lynn multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.78%
Cash-on-Cash
-2.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93