Updated Sep 30, 2026
SOLDMultiFamily
Francesco Epifania Purchases Multifamily Property At 77-79 Chestnut Street Lynn For $1.58M
77-79 Chestnut Street
$1,580,000
$294/SF
Building Size
5,368 SF
Asset Type
MultiFamily
Closing
Sep 25, 2026
About this deal
AI
This multifamily property, located at 77-79 Chestnut Street in Lynn, MA, features five units and encompasses 5,368 square feet. The sale concluded at a price of $1,580,000, which results in a price per unit of $316,000 and a price per square foot of $294.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,580,000
- Units: 5
- Square Footage: 5,368
- Price Per Unit: $316,000
- Price Per Square Foot: $294
- Buyer: Francesco Epifania
- Seller: Andrew Perkins
- Broker Representatives: Dan Pouladian & Sara Pouladian - Northshore Realty Advisors; Gene Clements - Clements Realty Group; Joe Vecchione - Grove Property Group
The transaction involved key representatives from various real estate agencies, showcasing a collaborative effort in the market. Dan Pouladian and Sara Pouladian represented the buyer through Northshore Realty Advisors, while Gene Clements represented the seller with Clements Realty Group, and Joe Vecchione acted on behalf of Grove Property Group.
On the Map
$1,580,000
$294/SF
MultiFamily
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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
10.04%
Cash-on-Cash
-2.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93