November 19, 2021 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of a multi-family investment property in Lynn, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $735,000.
The property is located at 81 Broad Street in Lynn, Massachusetts. The three-story building contains five (5) 1-Bedroom/1-Bathroom units in 2,854 square feet of living area (4,421 square feet of gross area), on a 0.053-acre parcel. The Property benefits from newer siding and roofing, which create an aesthetic exterior and excellent curb appeal on Broad Street, and units have gas stoves. 81 Broad Street is well-located in a densely populated residential neighborhood adjacent to downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities around Lynn’s Central Square. 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. Additionally, Broad Street is just 0.4 miles from the Central Square commuter rail station with services to Boston’s North Station, and 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.