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
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