September 13, 2021 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of thirteen (13) multi-family units in Lynn, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $2,275,000.
551-555 Essex Street in Lynn, Massachusetts is comprised of two buildings and contains a total of thirteen (13) 1-Bedroom/1-Bathroom units in 9,175 square feet of living area (12,918 square feet of gross area), on a 0.197-acre parcel. The property features off-street parking for five cars. 551 Essex Street has coin-op washers and dryers, gas stoves, and Landlord is responsible for heat and hot water. 555 Essex Street features in-unit washers and dryers, and dishwashers. The Property is well-located in a densely populated residential neighborhood adjacent to downtown Lynn. The Property is situated just outside of Central Square, the primary commercial area in Downtown Lynn that offers convenient access to an array of “downtown” amenities, including retail, restaurants, entertainment, and public transportation (bus and rail). The property is approximately 11 miles from Downtown Boston.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.