Updated Aug 20, 2026
Robert Nakashian Purchases Rooming House In Lynn MA From Michael Haliotis For $2.2M
33 High Street
$2,200,000
$159/SF
Building Size
13,773 SF
Asset Type
Other
Closing
Aug 6, 2026
About this deal
AI
The asset involved in the transaction is a licensed rooming house located at 33 High Street, Lynn, MA. The property features 43 beds and has a total square footage of 13,773. The sale price for the property was $2,200,000, resulting in a price per square foot of $159.
Summary of transaction details:
- Property Type: Rooming House
- Transaction Amount: $2,200,000
- Address: 33 High Street
- Market: Lynn, MA
- Square Footage: 13,773
- Price per Square Foot: $159
- Bedrooms: 43
- Buyer: Robert Nakashian
- Seller: Michael Haliotis
- Broker: Stephen Girolamo - Horvath & Tremblay
This transaction highlights the involvement of notable individuals and companies, including the broker Stephen Girolamo from Horvath & Tremblay, who facilitated the deal between buyer Robert Nakashian and seller Michael Haliotis.
Lynn Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93