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99 Franklin Street, Lynn, M...

Hakim Sadler's MIG Facilitates $1.75M Sale Of Multi-Family Property In Lynn, MA
SOLDMultiFamily

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

Hakim Sadler

MIG Realty

Broker

$68.3M

vol

34 deals

Broker
Boston Trust Realty Group
Boston Trust Realty GroupBrokerage

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

9.06%

Cash-on-Cash

-2.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93