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9 Needham's Landing Road

Peter Graziani Acquires Multifamily Property At 9 Needham's Landing Road For $9.9M
SOLDMultiFamily

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:

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

Stephen Girolamo

Horvath & Tremblay

Broker

$326.1M

vol

99 deals

Broker

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