Hakim Sadler's MIG Facilitates $1.75M Sale Of Multi-Family Property In Lynn, MA
99 Franklin Street, Lynn, Massachusetts 01902, United States
$1,750,000
$272/SF
Building Size
6,412 SF
Asset Type
MultiFamily
Closing
Aug 11, 2022
AI
A multi-family property located at 99 Franklin St in Lynn, MA has been sold for a price of $1,750,000. The property consists of 9 units with an average price per unit of $194,444. The total square footage of the property is 6,412, resulting in a price per square foot of $273. The sale was facilitated by Hakim Sadler of MIG.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $1,750,000
- Address: 99 Franklin St
- Market: Lynn, MA
- Units: 9
- Price per Unit: $194,444
- Square Footage: 6,412
- Price per Square Foot: $273
Hakim Sadler, representing MIG, played a key role in the sale of the multi-family property at 99 Franklin St in Lynn, MA. Their expertise and negotiation skills helped facilitate the transaction.
Players
Lynn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93