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33 High Street

Robert Nakashian Purchases Rooming House In Lynn MA From Michael Haliotis For $2.2M
SOLDOther

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

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.

Players

Stephen Girolamo

Horvath & Tremblay

Broker

$334.5M

vol

100 deals

Broker

Lynn Other Market Snapshot

Boundary boundary · Other · Sale transactions

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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