Peter Graziani Sells Multifamily Property At 59 Elm Street Lynn MA For $1.5M With Stephen Girolamo As The Broker
SOLD
$1,500,000
Massachusetts
See Similar DealsMultiFamily4,833 SF
Sold 12/02/2025
SOLD
Peter Graziani Sells Multifamily Property At 59 Elm Street Lynn MA For $1.5M With Stephen Girolamo As The Broker
59 Elm Street
See Similar DealsMultiFamily4,833 SF
Sold 12/02/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$310
Total Square Footage:4,833 SF
Transaction Type:Sale
This multifamily property, located at 59 Elm Street in Lynn, MA, has a sale price of $1,500,000. The asset encompasses 6 units and offers a total square footage of 4,833, resulting in a price per unit of $250,000 and a price per square foot of $310.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Seller: Peter Graziani
- Broker: Stephen Girolamo - Horvath & Tremblay
- Units: 6
- Square Footage: 4,833
- Price Per Unit: $250,000
- Price Per Square Foot: $310
- Date of Sale: 12/2/2025
Stephen Girolamo from Horvath & Tremblay represented the seller, Peter Graziani, in this multifamily property transaction, facilitating the sale process in the Lynn market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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