Updated Sep 25, 2025
Alan Millar & Tina Millar Acquire Multifamily Asset In Lynn For $1.125M With Brokers Tatiana Cabassa & Maria Silveira
108 Grove Street
$1,125,000
$288/SF
Building Size
3,897 SF
Asset Type
MultiFamily
Closing
Aug 10, 2025
About this deal
AI
The property asset involved in the transaction is a multifamily building located at 108 Grove Street in Lynn, MA. The sale price for this asset was $1,125,000, with a total square footage of 3,897 and a price per square foot of $288.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,125,000
- Square Footage: 3,897
- Price per Square Foot: $288
- Buyer: Alan Millar & Tina Millar
- Seller: Wesley Sousa-Izidoro & Lucelia Izidoro
- Brokers: Tatiana Cabassa - Liriano Realty & Maria Silveira - Century 21
The key individuals involved in the deal include buyers Alan Millar and Tina Millar, as well as sellers Wesley Sousa-Izidoro and Lucelia Izidoro, highlighting the parties engaged in this property 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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93