Updated Oct 28, 2024
LOZA Properties, LLC Sells Multifamily Property In Lynn, MA For $1.48M With Broker Stephen Girolamo
628 Chestnut Street, Lynn, Massachusetts 01904, United States
$1,480,000
$282/SF
Building Size
5,248 SF
Asset Type
MultiFamily
Closing
Apr 3, 2022
About this deal
AI
Located at 628 Chestnut St in Lynn, MA, this multifamily property was recently sold for a price of $1,480,000. The property, owned by LOZA Properties, LLC, consists of 8 units with an average price per unit of $185,000. The total square footage of the property is 5,248, resulting in a price per square foot of $282.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,480,000
- Units: 8
- Price per Unit: $185,000
- Square Footage: 5,248
- Price per Square Foot: $282
- Seller: LOZA Properties, LLC
- Broker: Stephen Girolamo - Horvath & Tremblay
The deal was facilitated by Stephen Girolamo from Horvath & Tremblay, representing the seller. This successful transaction showcases the expertise of the involved parties in the real estate market of Lynn, MA.
Players
Lynn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.72%
Cash-on-Cash
-3.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93