Peter Graziani Acquires Multifamily Property At 9 Needham's Landing Road For $9.9M
9 Needham's Landing Road
$9,900,000
$345/SF
Building Size
28,640 SF
Asset Type
MultiFamily
Closing
Dec 18, 2025
AI
The property asset involved in this transaction is a multifamily building located at 9 Needham's Landing Road in Lynn, MA. The sale occurred on 12/19/2025 for a total transaction amount of $9,900,000. The multifamily asset consists of 42 units and spans a total square footage of 28,640, translating to a price per unit of approximately $235,714 and a price per square foot of $345.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,900,000
- Units: 42
- Square Footage: 28,640
- Price Per Unit: $235,714
- Price Per Square Foot: $345
- Buyer: Peter Graziani
- Seller: Itamar Isakov
- Buyer's Representative: Stephen Girolamo - Horvath & Tremblay
- Seller's Representatives: Arthur Pappas - Keller Williams Realty & AJ Pappas - EXP Realty
This transaction featured key individuals including Peter Graziani as the buyer and Itamar Isakov as the seller. The buyer was represented in the deal by Stephen Girolamo from Horvath & Tremblay, while the seller was represented by a team consisting of Arthur Pappas from Keller Williams Realty and AJ Pappas from EXP Realty.
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
1.60%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93