January 13, 2022 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of 136-140 Franklin Street in Lynn, Massachusetts. Girolamo exclusively represented the seller and procured the buyer to close the property at a sale price of $1,675,000.
136-140 Franklin Street is an eight (8) unit multi-family property in Lynn, Massachusetts. The building contains four (4), 1-Bedroom/1-Bathroom units, two (2), 2-Bedroom/1-Bathroom units, and two (2), 3-Bedroom/1-Bathroom units in 7,072 square feet of living area (9,410 square feet of gross area), on a 0.172-acre parcel with on-site parking for 8 vehicles. 136-140 Franklin 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, the property is just 0.8 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.