Updated Sep 9, 2024
Dan Jacobson Acquires MultiFamily In Lynn, MA For $3.3M From Seller Mark Clifford And Broker Stephen Girolamo - Horvath & Tremblay
90 Ford St Lynn, MA 01904, USA
$3,300,000
$291/SF
Building Size
11,316 SF
Asset Type
MultiFamily
Closing
Jun 27, 2023
About this deal
AI
The multi-family property located at 90 Ford Street in Lynn, MA has been sold for a price of $3,300,000. The property consists of 18 units, with an average price per unit of $183,333. The total square footage of the property is 11,316, resulting in a price per square foot of $292.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $3,300,000
- Units: 18
- Price per Unit: $183,333
- Total Square Footage: 11,316
- Price per Square Foot: $292
- Date: 06/27/2023
- Market: Lynn, MA
The buyer of the property is Dan Jacobson, while the seller is Mark Clifford. Facilitating the transaction was broker Stephen Girolamo from Horvath & Tremblay.
Players
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Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93