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40 Ocean Avenue

Aj Barkos Purchases Multifamily Asset At 40 Ocean Avenue Lynn From Cliff Ansara For $2.16M
SOLDMultiFamily

Aj Barkos Purchases Multifamily Asset At 40 Ocean Avenue Lynn From Cliff Ansara For $2.16M

40 Ocean Avenue

$2,160,000

$147/SF

Building Size

14,617 SF

Asset Type

MultiFamily

Closing

Dec 9, 2025

AI

The multifamily asset located at 40 Ocean Avenue in Lynn, MA, was sold for a total of $2,160,000. The property consists of 9 units with a total square footage of 14,617, resulting in a price per unit of $240,000 and a price per square foot of $147.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,160,000
  • Units: 9
  • Square Footage: 14,617
  • Price Per Unit: $240,000
  • Price Per Square Foot: $147
  • Buyer: Aj Barkos
  • Seller: Cliff Ansara
  • Brokers: Dan Pouladian & Sara Pouladian - Northshore Realty Advisors

Northshore Realty Advisors acted as the exclusive agent to the seller and facilitated the procurement of the buyer. Congratulations to all parties involved on this successful transaction.

Players

Dan Pouladian

Northshore Realty Advisors

Broker

$304.3M

vol

68 deals

Broker
Northshore Realty Advisors
Northshore Realty AdvisorsBrokerage

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

7.34%

Cash-on-Cash

-2.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93