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767 Summer Street, Lynn, MA...

Keller Williams Boston-Metro Represents Sale Of Multifamily Property In Lynn, MA For $1.3M
SOLDMultiFamily

Keller Williams Boston-Metro Represents Sale Of Multifamily Property In Lynn, MA For $1.3M

767 Summer Street, Lynn, MA 01905, USA

$1,295,000

$259/SF

Building Size

5,000 SF

Asset Type

MultiFamily

Closing

Jun 30, 2020

AI

The multifamily property located at 767 Summer Street in Lynn, MA has been sold in a recent transaction. The property spans 5,000 square feet and is situated in a desirable market in Lynn. The sale took place on June 30, 2021, with Vincent R.W. Rizzo III and Jackie O’Connor of Keller Williams Boston-Metro serving as the brokers in the deal. The property was listed with an asking price of $1,300,000 and ultimately sold for $1,295,000, resulting in a price per square foot of $259.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,295,000
  • Address: 767 Summer Street, Lynn, MA
  • Market: Lynn, MA
  • BROKERS: Vincent R.W. Rizzo III & Jackie O’Connor - Keller Williams Boston-Metro

This transaction highlights the successful collaboration between Vincent R.W. Rizzo III and Jackie O’Connor, representing Keller Williams Boston-Metro. Their expertise in the market and negotiation skills played a pivotal role in securing the sale of this multifamily property at a competitive price. This deal further reinforces their reputation as leading brokers in the Lynn, MA market.

Players

Vincent Rizzo

Douglas Elliman

Broker

$15.7M

vol

7 deals

Broker

Lynn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.25%

Cash-on-Cash

-3.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93