Updated Dec 21, 2023
Horvath & Tremblay Facilitates $5.88M Multifamily Sale In Lynn, MA
77 Green Street, Lynn, Massachusetts 01902, United States
$5,876,000
$304/SF
Building Size
19,296 SF
Asset Type
MultiFamily
Closing
Mar 22, 2022
About this deal
AI
Located at 77 Green St in Lynn, MA, this multifamily property was recently sold. The transaction was facilitated by broker Stephen Girolamo from Horvath & Tremblay. The sale took place on March 23, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,876,000
- Units: 27
- Price per Unit: $217,630
- Square Footage: 19,296
- Price per Square Foot: $305
- Market: Lynn, MA
The property comprises a total of 27 units with an average price per unit of $217,630. The building spans 19,296 square feet, resulting in an average price per square foot of $305. This transaction highlights the demand for multifamily properties in Lynn, MA.
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
2.70%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93